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Stocks making the biggest moves midday: Instacart, Disney, Planet Fitness, Rackspace and more

September 19, 2023


Starbucks — Shares fell 2% in midday trading following a downgrade to market perform from TD Cowen. Analyst Andrew Charles noted concern over macroeconomic headwinds in China that could hit consumer spending at Starbucks stores.

Instacart — The grocery delivery stock roared out the gates as it debuted on the public market midday Tuesday, with shares popping about 12.3% and closing at $33.70. The company had priced its initial public offering at $30 a share Monday, the high end of the expected $28 to $30 range.

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