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Why Cogent (CCOI) Shares Are Falling Today
Shares of internet service provider Cogent Communications (NASDAQ:CCOI) fell 3.3% in the afternoon session after company director Lewis H. Ferguson sold a significant portion of his holdings, adding to recent negative sentiment surrounding the company. Ferguson sold 4,000 shares for a total of $81,340, which represented about 17.2% of his stake in that class of stock. Such a sale by an insider often worried investors, as it can suggest a lack of confidence in the company's future. The transaction followed a string of unfavorable news for Cogent. The company recently reported third-quarter results that showed declining revenue. In response, Cogent also slashed its quarterly dividend by approximately 98% to just $0.02 per share. This move led to downgrades from both Wells Fargo and UBS, who cited concerns over the company's performance and growth path.
Why Columbia Financial (CLBK) Stock Is Up Today
Shares of community banking company Columbia Financial (NASDAQ:CLBK) jumped 3.8% in the afternoon session after the broader savings and loan industry gained from an improved lending environment supported by a recent rate cut from the Federal Reserve. The central bank's move, along with signals of further easing, was expected to help stabilize funding costs for financial institutions. For banks like Columbia, lower rates can help boost the income they earn from making loans. The positive outlook for the sector came as the company had also previously reported strong financial results. In the third quarter, Columbia Financial's revenues had increased by 29.4% compared to the previous year, surpassing analysts' expectations.
Trupanion (TRUP) Shares Skyrocket, What You Need To Know
Shares of pet insurance provider Trupanion (NASDAQ:TRUP) jumped 5.2% in the afternoon session after a positive outlook for the accident and health insurance industry suggested companies in the space were positioned for growth.
Five Below (FIVE) Stock Trades Up, Here Is Why
Shares of discount retailer Five Below (NASDAQ:FIVE) jumped 4.6% in the afternoon session after Mizuho raised its price target on the stock to $160 from $150, signaling optimism before the company's earnings release. The firm maintained its Neutral rating on the discount retailer but cited continued business momentum and expectations for a strong holiday season. This outlook was based on recent store checks and discussions which indicated Five Below's product assortment was well-positioned to drive sales. The positive analyst action occurred as the company was scheduled to report its quarterly earnings on December 3, with investors watching closely.
Cadence Design Systems (CDNS) Stock Is Up, What You Need To Know
Shares of electronic design automation company Cadence Design Systems (NASDAQ:CDNS) jumped 3.9% in the afternoon session after the company's stock moved higher amid positive commentary on its financial health and growth potential, though no specific news catalyst was apparent. The move occurred as an analysis highlighted the company's robust financial position, suggesting it was well-positioned for substantial future growth. This broader positive sentiment was also reflected in analyst ratings, with a consensus "Buy" recommendation for the stock. Despite the lack of a direct company announcement, the favorable view of its financial standing seemed to bolster investor interest during the session.
Carvana (CVNA) Stock Trades Up, Here Is Why
Shares of online used car dealer Carvana (NYSE: CVNA) jumped 4.4% in the afternoon session after investor Jim Cramer called the company “one of his favourite companies” for the period leading into 2026.
Why Energizer (ENR) Stock Is Trading Up Today
Shares of battery and lighting company Energizer (NYSE:ENR) jumped 7.6% in the afternoon session after the stock appeared to rebound from a 52-week low set in the prior session, a drop that followed several analyst price target cuts.
Why THOR Industries (THO) Stock Is Down Today
Shares of RV manufacturer Thor Industries (NYSE:THO) fell 6.9% in the afternoon session after its strong third-quarter results were overshadowed by a weak full-year forecast. The company posted earnings per share of 41 cents, significantly beating analyst forecasts of a loss, while sales grew 11.5% year on year to $2.39 billion. Although the stock initially traded higher on the positive results, it reversed course. The drop appeared to be linked to the company's forward-looking guidance. THOR Industries reconfirmed its full-year revenue forecast, which at the midpoint was 2.3% below analysts' estimates. Similarly, its full-year earnings per share guidance missed Wall Street's expectations by 1.9%. This weaker-than-expected outlook seemed to worry investors more than the strong quarterly performance pleased them.
LESL Q3 Deep Dive: Strategic Store Closures and Price Adjustments Amid Traffic Declines
Pool products retailer Leslie’s (NASDAQ:LESL) reported Q3 CY2025 results topping the market’s revenue expectations, but sales fell by 2.2% year on year to $389.2 million. On the other hand, the company’s full-year revenue guidance of $1.18 billion at the midpoint came in 4.4% below analysts’ estimates. Its non-GAAP profit of $0.09 per share was 93.1% below analysts’ consensus estimates.
Why Coinbase (COIN) Stock Is Up Today
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 3.7% in the morning session after the broader cryptocurrency market rebounded, partly driven by news that investment firm Vanguard had allowed its clients to access Bitcoin ETFs. This move triggered fresh institutional inflows and a surge in demand from large investors, helping to push Bitcoin's price up by 6.8% to over $92,000. The rally in the crypto space provided a strong tailwind for related stocks. Adding to the positive sentiment, Cathie Wood's Ark Invest recently purchased 28,315 shares of Coinbase, valued at approximately $7.5 million, for its ARKK ETF. Such a significant purchase from a well-known investment firm signaled renewed confidence in the company.