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Midday Stock Movers: Nike, Draganfly, Alibaba Rise

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By Sam Boughedda

Investing.com -- U.S. indices are firmly in the green Tuesday, with the Nasdaq at +1.75%, S&P 500 up trading +1% higher and the Dow at +0.67%. Here are the midday movers on Tuesday, March 22nd.

Nike, Inc. (NYSE:NKE) is trading just over 4% higher midday after reporting earnings and revenue that beat analyst estimates on Monday after the close. In addition, direct-to-consumer sales increased, with the company looking to have put manufacturing issues behind it.

Draganfly Inc. (NASDAQ:DPRO) is up 84% after it revealed an order from Coldchain Delivery Systems for up to 200 of its Medical Response and Search and Rescue Drones. The drones will then be deployed to Revived Soldiers Ukraine.

Alibaba Group Holdings (NYSE:BABA) is at +12% on news the Chinese e-commerce giant will expand its share buyback program from $15 billion to $25 billion.

ChargePoint Holdings, Inc. (NYSE:CHPT) has teamed up with Toyota (NYSE:TM) on electric vehicle charging, sending its shares 2% above Monday's close.

Carnival Corporation (NYSE:CCL) reported earnings that missed revenue and earnings estimates. After opening lower and clawing back its initial losses, the stock is back at -2% around midday.

Pfizer Inc. (NYSE:PFE) is 2.7% lower after the company said it was recalling some lots of its blood pressure drug ACCURETIC and two cheaper versions due to potential carcinogen.

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