Connect with us

Hi, what are you looking for?

LoansOnline1LoansOnline1

News

Tesla, Nvidia, Lululemon Stocks Among Monday’s Big Movers

Here are the day’s top movers in the stock market on January 9th, 2023, according to CNBC.

Tesla – Shares of Tesla rose 8% Monday after CEO Elon Musk’s attorneys on Saturday asked a California court to move a trial over the company stock to Texas, citing local negativity.

Advanced Micro Devices– jumped 7.7% as semiconductor stocks led the Monday’s rally.

Nvidia –  stock rallied 7.6% in midday trading.

Regeneron – slipped 5% after the pharmaceutical company said that sales of its Eylea drug were negatively impacted in the final quarter of 2022 by a shift to an off-label competitor.

Lululemon – fell more than 8% after Lululemon’s changed its guidance to show that it expects shrinking gross margins for the fourth quarter.

Zillow — Shares of the real estate marketplace company gained nearly 10% after Bank of America double upgraded the stock to buy and said they could rise 20% from Friday’s close

Uber – shares gained 5.2% on an upgrade from Piper Sandler to overweight from a neutral rating.

Hologic – Shares gained nearly 4% after reporting fiscal first-quarter revenue of $1.07 billion, topping its most recent guidance of $940 million to $990 million.

Duck Creek – surged 47% after it said that Vista Equity Partners will take the insurance intelligence solutions provider private for $19 a share.

Ceridian HCM — shares rose 5%.

Monolithic Power Systems – Shares gained 6.4% amid the semiconductor rally, following shares of Nvidia and Advanced Micro Devices.

Baxter International – slipped 7.4%, hitting a 52-week low, after it announced it will restructure and spin off its kidney care business.

Oracle – advanced 2.6% after Piper Sandler upgraded the stock to overweight from neutral

Goldman Sachs – Shares gained 2%

Teladoc – Shares  jumped 6.4% after the company announced that its revenue in the fourth quarter of 2022 exceeded analyst expectations

You May Also Like

Business

The Securities and Exchange Commission (aka SEC) has officially charged former McDonald’s CEO Steve Easterbrook on Monday with misrepresenting his November 2019 firing, according...

Market

Fundstrat Managing Director Mark Newton believes that the Tesla stock is now “officially oversold” as the stock has been beaten down, but some believe...

Business

Morgan Stanley’s Chief Operating Officer Jon Pruzan, who has been a longtime lieutenant to James Gorman and once considered a potential candidate to succeed...

Market

Bed Bath & Beyond has warned that it may have to file for bankruptcy after reporting it’s quarterly earnings stating that it’s turnaround plan...