Check out the companies that are making news.
The software stocks fell after the company was upgraded to neutral from buy. The growth of Adobe and Salesforce was slowed by the Pandemic, according to a report.
Bank of America lowered the stock to neutral from buy. The price target was slashed by the Wall Street firm.
After Tuesday's sell-off, some software, technology and chip stocks continued to fall. Okta, DocuSign and Snowflake all lost money. Microsoft lost money.
The Daily Journal nearly doubled its stake in the stock, and shares of the Chinese e-commerce giant jumped almost 5%. Daily Journal now has more than 600,000 shares of the Chinese company.
The shares of Beyond Meat jumped 3% after it was announced that Kentucky Fried Chicken will add Beyond Meat's plant-based chicken to its menu. The Beyond Meat fried chicken will be available for a limited time, according to the company.
The stock of the image-sharing site rose 2% after it was upgraded to overweight from neutral. The Wall Street firm believes that the share price ofPinterest could rebound by 60% after a 50% sell-off over the past year.
Bank of America upgraded Pfizer's stock to buy from neutral. The company is on a strong footing because of the financial success of its vaccines and oral treatments.
USA Truck announced a deal to buy 10 electric Nikola trucks and shares of the electric truck maker added more than 3% in midday trading.
The stock of Garmin was upgraded to buy from hold byDeutsche Bank. The Wall Street firm likes the financials of Garmin.
CNBC's Jesse Pound, Hannah Miao, Yun Li, and Tanaya Macheel reported.
