Latest Stories
Why Comcast (CMCSA) Stock Is Up Today
Shares of telecommunications and media company Comcast (NASDAQ:CMCSA) jumped 3.7% in the afternoon session after the company announced the completion of its network expansion to nearly 22,000 new homes and businesses in Litchfield County, Connecticut. The project brought Comcast's high-speed internet and its full range of Xfinity and Comcast Business services to five communities: Litchfield, Morris, Thomaston, Torrington, and Watertown. This development provided residents and businesses in those areas access to what the company described as a more reliable and converged network.
Why Strategy (MSTR) Stock Is Falling Today
Shares of bitcoin development company Strategy (NASDAQ:MSTR) fell 6.5% in the afternoon session after investor concerns mounted over its strategy of funding large Bitcoin purchases through share sales.
Builders FirstSource (BLDR) Stock Trades Down, Here Is Why
Shares of building materials company Builders FirstSource (NYSE:BLDR) fell 3.8% in the afternoon session after Jefferies downgraded the stock to 'Hold' from 'Buy' and lowered its price target. The analyst firm significantly reduced its price target on the shares to $110 from $138. The downgrade reflected a more cautious view of the stock's future performance.
Why Insight Enterprises (NSIT) Stock Is Trading Lower Today
Shares of IT solutions integrator Insight Enterprises (NASDAQ:NSIT) fell 4.5% in the afternoon session after JPMorgan downgraded the stock to 'Underweight' from 'Neutral' and significantly lowered its price target. The bank cut its price view on the shares to $90 from $117. The downgrade stemmed from concerns over a weaker outlook for business spending and potential issues in the PC market. This move followed the company's recent third-quarter earnings report, where both revenue and profit fell short of market forecasts.
Why Arbor Realty Trust (ABR) Stock Is Down Today
Shares of real estate investment trust Arbor Realty Trust (NYSE:ABR) fell 4.5% in the afternoon session after an analyst at Keefe, Bruyette & Woods downgraded the stock to "Underperform" from "Market Perform" and lowered the price target.
Why Coinbase (COIN) Shares Are Sliding Today
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) fell 5.3% in the afternoon session after sentiment worsened in the broader crypto market, as Bitcoin fell more than 3%, putting pressure on related stocks.
Why Eli Lilly (LLY) Stock Is Trading Up Today
Shares of global pharmaceutical company Eli Lilly (NYSE:LLY) jumped 3% in the afternoon session after the stock benefited as investors rotated capital out of the volatile technology sector and into defensive names.
Why BellRing Brands (BRBR) Stock Is Trading Up Today
Shares of nutrition products company Bellring Brands (NYSE:BRBR) jumped 2.5% in the afternoon session after investors flocked to defensive sectors, including consumer staples, amidst the broader tech sell-off.
Why Is Red Robin (RRGB) Stock Rocketing Higher Today
Shares of burger restaurant chain Red Robin (NASDAQ:RRGB) jumped 6.5% in the afternoon session after Jefferies upgraded the stock to Buy from Hold and increased its price target.
Grand Canyon Education (LOPE) Stock Trades Up, Here Is Why
Shares of higher education company Grand Canyon Education (NASDAQ:LOPE) jumped 2.8% in the afternoon session after the company announced a $300 million increase to its stock repurchase program. The expanded buyback program, which increased the total authorization to $2.545 billion, signaled management's confidence in the company's value.