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Allegro MicroSystems (ALGM) Stock Trades Up, Here Is Why
Shares of chip designer Allegro MicroSystems (NASDAQ:ALGM) jumped 4.4% in the morning session after a broad 'Buy' rating consensus emerged from Wall Street analysts.
Why Are onsemi (ON) Shares Soaring Today
Shares of analog chips maker onsemi (NASDAQ:ON) jumped 7.1% in the morning session after the company announced plans to collaborate with Innoscience to speed up the global rollout of its Gallium Nitride (GaN) power portfolio.
EVgo (EVGO) Stock Trades Up, Here Is Why
Shares of electric vehicle charging company EVgo (NASDAQ:EVGO) jumped 2.7% in the morning session after the company announced that its Autocharge+ service surpassed a major milestone of five million charging sessions. The electric vehicle charging network also reported a sixfold increase in enrollment for the service since 2023, with more than 300,000 customers now signed up. The Autocharge+ feature, which is compatible with nearly 80 different EV models, allows drivers to start a charging session simply by plugging in their vehicle after a one-time enrollment. This significant growth in user adoption and service usage pointed to strong operational progress for the company.
Why Dollar Tree (DLTR) Stock Is Trading Up Today
Shares of discount treasure-hunt retailer Dollar Tree (NASDAQ:DLTR) jumped 3.1% in the morning session after the company reported better-than-expected third-quarter financial results and raised its full-year profit outlook. The company announced adjusted earnings of $1.21 per share on sales of $4.75 billion, beating Wall Street's estimates of $1.08 per share and $4.7 billion in sales. Comparable-store sales, a key performance measure for retailers, grew by 4.2%, also topping expectations. Following the strong quarter, Dollar Tree lifted its adjusted earnings guidance for the full year to a range of $5.60 to $5.80 per share, up from a previous forecast of $5.32 to $5.72 per share.
Why Wix (WIX) Stock Is Trading Up Today
Shares of website building platform Wix (NASDAQ:WIX) jumped 4% in the morning session after an institutional investor, Capital Fund Management S.A., significantly increased its holding in the company.
DraftKings (DKNG) Stock Is Up, What You Need To Know
Shares of fantasy sports and betting company DraftKings (NASDAQ:DKNG) jumped 3.2% in the morning session after Benchmark initiated coverage on the stock with a 'Buy' rating and a $37 price target. The investment firm cited the company's strong performance in New York as a key reason for its positive outlook. Benchmark also pointed to potential growth from a possible expansion into Missouri as another factor supporting its rating. This action contributed to a broadly favorable view of the company among Wall Street analysts.
Why ArcBest (ARCB) Stock Is Up Today
Shares of freight Delivery Company ArcBest (NASDAQ:ARCB) jumped 4% in the morning session after the company reported a 1% year-over-year increase in revenue per day for November, stemming previous declines.
Why UL Solutions (ULS) Stock Is Trading Lower Today
Shares of safety certification company UL Solutions (NYSE:ULS) fell 4.8% in the morning session after the company announced a secondary public offering of 12.5 million shares of its Class A common stock. The offering consisted entirely of shares sold by a major stockholder, UL Standards & Engagement. UL Solutions itself did not offer any shares and did not receive any proceeds from the transaction. This type of sale can create downward pressure on a stock's price by increasing the number of shares available on the market. When a large, existing shareholder sells a significant amount of stock, it can sometimes worry investors about the company's outlook, contributing to the negative reaction.
Why WillScot Mobile Mini (WSC) Stock Is Up Today
Shares of temporary space provider WillScot (NASDAQ:WSC) jumped 3% in the morning session after analysts highlighted positive business momentum, including strong demand for its services. The company's rental rates showed a year-over-year increase of 9% and 5% in recent quarters. Additionally, WillScot's focus on higher-end solutions, such as its FLEX and cold storage offerings, led to significant growth rates of 30% each. This suggested the company was successfully expanding into more complex services. The stock also traded ex-dividend, with shareholders of record on December 3rd, 2025, set to receive a dividend of $0.07 per share on December 17th, 2025.
Why D.R. Horton (DHI) Stock Is Trading Up Today
Shares of homebuilder D.R. Horton (NYSE:DHI) jumped 3.1% in the morning session after BTIG initiated coverage on the company with a "Buy" rating and a $186 price target.