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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

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