Midday Movers: Twilio, Starbucks, Moderna and More

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By Liz Moyer

AiVIF.com -- U.S. stocks were bouncing back slightly from Tuesday's rout. Here are the midday movers for Sept. 14:

• Twilio Inc (NYSE:TWLO) stock rose 12% after the cloud communications company said it was going to lay off 11% of its staff as part of a restructuring aimed at boosting profit.
• Moderna Inc (NASDAQ:MRNA) stock rose 5.7% after a Reuters report that it had talked to China about supplying its Covid-19 vaccine to that country.
• Starbucks Corporation (NASDAQ:SBUX) stock rose 5.5% a day after its investor presentation as executives forecast double-digit earnings per share gains in the coming quarters.
• Nucor Corp (NYSE:NUE) stock fell 10% after it cut full-year estimates, citing weakness in its steel mills business.
• Citigroup Inc (NYSE:C) stock fell 1.9% after a report it was preparing to submit a new plan to regulators regarding its risk management systems.