Stocks Making the Biggest Moves Midday: Moderna, Instacart, Rivian, DraftKings and More
February 13, 2026 – 12:46 PM EST
By Liz Napolitano and Darla Mercado, CFP®
The stock market saw significant activity midday with several major companies releasing earnings reports and forward guidance that impacted their share prices. Below is a detailed look at some of the biggest movers as investors digested these updates.
Moderna Shares Rise on Strong Revenue Guidance
Biotech giant Moderna saw its shares climb 5% following upbeat revenue guidance for the full year. The company projected revenue growth of up to 10% compared to 2025 levels, well ahead of the FactSet consensus estimate of 5.9%. Moderna also posted a narrower-than-expected fourth-quarter loss of $2.11 per share versus the anticipated $2.54 loss, signaling improved financial health.
Instacart Parent Maplebear Surges on Optimistic Forecasts
Shares of Maplebear, the parent company of grocery delivery platform Instacart, jumped about 9% after issuing an optimistic forecast for the current quarter. Instacart expects gross transaction value to range between $10.13 billion and $10.28 billion, surpassing the StreetAccount estimate of $9.97 billion. Adjusted EBITDA is forecasted between $280 million and $290 million, beating the $277.3 million analyst consensus. The company also exceeded revenue estimates in its recent quarterly results.
Leadership Changes and Stock Movements
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Constellation Brands shares fell roughly 5% following the announcement that Nicholas Fink will replace Bill Newlands as CEO effective April 13. Fink previously served as CEO of Fortune Brands Innovations.
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Norwegian Cruise Line shares dropped 5% after appointing John Chidsey as its new CEO, succeeding Harry Sommer immediately.
Earnings Beats Lift Shares of Wendy’s, Dexcom, Vertex Pharmaceuticals, and Applied Materials
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Wendy’s stock rose 4% after beating expectations with adjusted fourth-quarter earnings of 16 cents per share on $543 million in revenue, above the FactSet targets of 14 cents and $537.2 million respectively.
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Dexcom, known for glucose monitoring systems, jumped nearly 9% with adjusted Q4 earnings of 68 cents per share, topping the consensus forecast of 65 cents. The company maintained its full-year 2026 revenue guidance of $5.16 billion to $5.25 billion.
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Biotech company Vertex Pharmaceuticals gained 6% as Q4 revenue of $3.19 billion narrowly outpaced the FactSet estimate of $3.18 billion.
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Applied Materials surged 9% after reporting blowout earnings with adjusted Q4 profits of $2.38 per share on revenues of $7.01 billion, beating analysts’ expectations of $2.20 per share and $6.87 billion in revenue.
Rivian Automotive Rockets 26% on Strong Delivery Outlook
Electric truck manufacturer Rivian Automotive soared 26% after projecting vehicle deliveries for 2026 between 62,000 and 67,000 units—a 47% to 59% increase over 2025. The company also reported narrower-than-expected adjusted fourth-quarter losses of 54 cents per share, beating the consensus loss estimate of 68 cents. Rivian’s revenue of $1.29 billion came in slightly ahead of estimates.
DraftKings Shares Slide on Disappointing Revenue Forecast
Shares of sports betting operator DraftKings dropped about 13% after it forecast 2026 revenue between $6.5 billion and $6.9 billion, well below the $7.31 billion consensus estimate. Despite a strong Q4 with earnings of 25 cents per share on $1.99 billion in revenue—both beating forecasts—the subdued outlook sparked investor concern.
Roku Posts Strong Guidance, Shares Up Nearly 8%
Streaming platform Roku shares rose almost 8% following better-than-expected guidance for 2026. The company projects adjusted EBITDA of $635 million and revenue of $5.5 billion, exceeding the FactSet consensus estimates of $579.7 million in EBITDA and $5.34 billion in revenue.
Other Notable Movers
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Coinbase shares jumped 17% after reporting that total trading volume for 2025 surged 156% year over year to $5.2 trillion. Subscription and services revenue also rose to $2.8 billion. However, the company slightly missed fourth-quarter revenue expectations.
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Pinterest plunged 18% following disappointing Q4 results and weak guidance for Q1 sales. The company reported adjusted earnings of 67 cents per share versus 69 cents expected, and revenue of $1.32 billion, slightly below estimates.
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Expedia Group shares dipped over 7% despite beating Q4 earnings and revenue estimates. The online travel agency flagged “emerging AI-powered platforms” as a potential risk in its earnings presentation, causing investor caution.
As the market continues to react to earnings and guidance, investors are paying close attention to growth projections and leadership changes across multiple sectors.
Reporting contributed by CNBC’s Sarah Min, Davis Giangiulio, and Lisa Kailai Han.
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