Articles in “Why It Moves”

NASDAQ HCP Why It Moves

Why Are HashiCorp (HCP) Shares Soaring Today

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Jabin Bastian 2023/03/23 3:31pm

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What Happened: Shares of Cloud infrastructure automation platform HashiCorp jumped up 7.22% in the after-market session after analyst Gray Powell from BTIG initiated coverage on the company's stock with a Buy rating and a price target of $37. The target price implies more than 30% upside from the current levels. After the initial pop the shares cooled down to $29.3, up 4.23% from previous close. ... Continue Reading

NASDAQ SMTC Why It Moves

Why Are Semtech (SMTC) Shares Soaring Today

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Adam Hejl 2023/03/22 9:17pm

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What Happened: Shares of Semiconductor company Semtech (NASDAQ:SMTC) jumped up 5.87% in the morning session after B. Riley Securities analyst Craig Ellis upgraded the stock's rating from Neutral to Buy and raised the price target from $34 to $52. The target price implies a 56% upside to the current price. ... Continue Reading

NYSE CVNA Why It Moves

Why Is Carvana (CVNA) Stock Soaring Today

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Anthony Lee 2023/03/22 1:21pm

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What Happened: Shares of Online used car dealer Carvana (NYSE: CVNA) jumped up 19% in the morning session after the company disclosed a plan to restructure $9B in debt and improve its financial position. The Financial Times reported that the deal would cut Carvana's annual interest expenses by roughly $100M and reduce the face value of its outstanding $5.7B unsecured bond debt by $1.3B if fully subscribed. The reduction in interest expense would mean higher net income, earnings per share, and free cash flow. ... Continue Reading

NASDAQ SMTC Why It Moves

Semtech (SMTC) Shares Skyrocket, What You Need To Know

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Kayode Omotosho 2023/03/20 8:07pm

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What Happened: Shares of Semiconductor company Semtech (NASDAQ:SMTC) jumped 5.07% today after the company agreed with investment firm Lion Point Capital to nominate two new independent directors to Semtech's board. Lion Point Capital owns approximately 4% of Semtech's outstanding shares of common stock. Lion Point focuses on undervalued companies where the firm can also push for improvements in operations or go-to-market. ... Continue Reading

NASDAQ NVDA Why It Moves

Why Nvidia (NVDA) Stock Is Up Today

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Radek Strnad 2023/03/17 3:38pm

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What Happened: Shares of designer of graphics chips Nvidia (NASDAQ:NVDA) were up 5.49% in the pre-market session after Morgan Stanley upgraded the stock's rating to Overweight (Buy) from Equal-Weight (Hold) and raised the price target to $304 from $255. The price target implies 19% upside from the current price. The analyst noted that the AI secular trend is a major tailwind for Nvidia, while data center issues have mostly faded. After the initial pop the shares cooled down to $259.76, up 1.2% from previous close. ... Continue Reading