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1-800-FLOWERS (FLWS) Stock Trades Down, Here Is Why
Shares of e-commerce florist and gift retailer 1-800-FLOWERS (NASDAQ:FLWS) fell 8.1% in the afternoon session after investors took profits following a significant rally driven by news of a key executive appointment.
Why Wayfair (W) Stock Is Trading Up Today
Shares of online home goods retailer Wayfair (NYSE:W) jumped 7.7% in the afternoon session after several financial firms expressed optimism about the company's future, leading to increased price targets.
CNA Financial (CNA) Stock Trades Up, Here Is Why
Shares of insurance provider CNA Financial (NYSE:CNA) jumped 3.2% in the afternoon session after the Federal Reserve lowered its benchmark interest rate, which spurred a wider market rally.
Why Udemy (UDMY) Stock Is Up Today
Shares of online learning platform Udemy (NASDAQ:UDMY) jumped 2.9% in the afternoon session after KeyBanc reiterated its "Overweight" rating on the stock, and the company announced a new strategic partnership.
Boot Barn (BOOT) Stock Is Up, What You Need To Know
Shares of clothing and footwear retailer Boot Barn (NYSE:BOOT) jumped 4.3% in the afternoon session after Goldman Sachs initiated coverage on the company with a "Buy" rating and a $225 price target. The investment bank cited the retailer's "meaningful potential to outperform sales expectations." This outlook was driven by an expanded target for new locations, which could support 15% compounded annual store openings. The price target suggested a 13% potential upside from where the stock was trading. The initiation of coverage by the influential firm signaled a robust vote of confidence in Boot Barn's future performance.
Why LendingClub (LC) Stock Is Trading Up Today
Shares of digital lending platform LendingClub (NYSE:LC) jumped 4.6% in the afternoon session after the Federal Reserve reduced its benchmark interest rate, a move that boosted the financial technology sector.
Applied Digital (APLD) Stock Trades Down, Here Is Why
Shares of digital infrastructure provider Applied Digital (NASDAQ:APLD) fell 2.6% in the afternoon session after investor concerns continued to mount over the risks tied to the company's rapid expansion strategy.
Why Is iHeartMedia (IHRT) Stock Soaring Today
Shares of global media and entertainment company iHeartMedia (NASDAQ:IHRT) jumped 11.5% in the afternoon session after the company's shares became the focus of social media-driven traders, turning it into a so-called 'meme stock'.
MercadoLibre (MELI) Stock Is Up, What You Need To Know
Shares of latin American e-commerce and fintech company MercadoLibre (NASDAQ:MELI) jumped 2.7% in the afternoon session after the company announced a commercial agreement with Agility Robotics to deploy humanoid robots in one of its U.S. facilities.
Why Appian (APPN) Stock Is Falling Today
Shares of low-code automation software company Appian (NASDAQ:APPN) fell 5.5% in the afternoon session after a sell-off in cloud computing giant Oracle dragged down other technology stocks.