9 months ago
60 Pedestrians locomotion by the SoFi Technologies office connected February 22, 2022 successful San Francisco, California.
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Check retired the companies making headlines successful midday trading.
SoFi Technologies – Shares of the fintech institution popped much than 18% aft it reported second-quarter results and lifted its full-year guidance. SoFi Technologies posted a narrower-than-expected nonaccomplishment of 6 cents a stock connected a GAAP basis. Analysts surveyed by FactSet had expected a 7-cent nonaccomplishment per share.
ON Semiconductor — The chipmaker's shares jumped 3.2% aft it posted an net and gross bushed for the 2nd quarter. The institution reported $1.33 net per share, excluding items, connected $2.09 cardinal successful revenue. Analysts polled by FactSet had estimated $1.21 net per stock and $2.02 cardinal successful revenue.
Disney — Disney climbed 3% aft the Financial Times reported that the amusement elephantine brought back back erstwhile executives Kevin Mayer and Tom Staggs, some of whom were erstwhile considered imaginable successors to Bob Iger.
New Relic — Shares jumped 13.4% aft a backstage equity consortium announced it would take the bundle institution private. The all-cash woody values the institution astatine astir $6.5 cardinal and offers $87 per share.
Spero Therapeutics — Shares ascended 14% aft the institution announced it reached an agreement with the Food and Drug Administration to person a peculiar protocol appraisal successful its signifier 3 proceedings for a urinary tract corruption drug.
Sweetgreen — The crockery chain's shares jumped 11% Monday aft an upgrade from Piper Sandler. The steadfast raised its standing connected the banal to overweight from neutral, saying that the tide whitethorn beryllium turning for the company.
XPeng — The Chinese electrical conveyance shaper tumbled 13.6% pursuing a downgrade from UBS to neutral from buy. UBS said the company's near-term gains whitethorn present each beryllium priced successful aft shares much than doubled successful terms this year.
Hasbro — The toymaker roseate 3% connected the heels of Bank of America's upgrade to bargain from neutral. Bank of America said Hasbro could bushed net expectations erstwhile it reports connected Thursday, owed successful portion to the occurrence of its cards acceptable tied to "Lord of the Rings."
GoodRx – The integer health-care platform's shares surged astir 33% midday aft Cowen upgraded them to outperform, saying the company's pharmacy payment absorption partnerships – similar Express Scripts and CVS Caremark – assistance make a caller gross watercourse but besides solidify the company's presumption successful the health-care ecosystem. Cowen raised its terms people to bespeak astir 78% imaginable upside.
Adobe — The bundle banal jumped 3.9% aft Morgan Stanley upgraded the shares to overweight from adjacent weight. The Wall Street steadfast said portion Adobe whitethorn person been "late to the party," the institution inactive stands to summation from artificial quality integration crossed its enactment of products. Morgan Stanley's $660 terms people represents astir 25% upside.
Chevron — The lipid elephantine precocious 2.8% aft Goldman Sachs upgraded the banal to bargain from neutral. The steadfast said it sees a cash travel inflection for the company.
New York Community Bancorp — Shares of the determination slope traded 1% higher aft Deutsche Bank upgraded the banal to buy from hold, citing bully execution.
CSX — The railroad banal shed 1.4% aft RBC downgraded shares to sector execute from outperform contempt noting fluid operations and affirmative show successful caller quarters.
Wayfair — Shares popped 5% aft Piper Sandler upgraded Wayfair to overweight from neutral and raised its terms target. The Wall Street steadfast said Wayfair is improving income and taking backmost marketplace stock arsenic the location furnishings manufacture stabilizes.
Salesforce — The unreality institution saw its shares dip astir 1% aft Morgan Stanley downgraded the banal to adjacent value from overweight. The Wall Street steadfast said Salesforce's near-term catalysts, including borderline enlargement and terms increases, are present successful the "rear-view mirror." The banal has gone up 68% this year.
— CNBC's Hakyung Kim, Yun Li, Sarah Min, Tanaya Macheel and Samantha Subin contributed reporting
