Latest Stories
Why Is CSW (CSW) Stock Soaring Today
Shares of industrial products company CSW (NASDAQ:CSW) jumped 5.4% in the morning session after JPMorgan upgraded the stock's rating from "Neutral" to "Overweight" and significantly raised its price target from $300 to $350.
Why Netflix (NFLX) Shares Are Falling Today
Shares of streaming video giant Netflix (NASDAQ: NFLX) fell 5.9% in the morning session after reports emerged that its potential acquisition of Warner Bros. Discovery faced scrutiny from U.S. officials, coupled with a significant stock sale by a company director. U.S. officials voiced fears that the deal could grant the streaming company excessive power over Hollywood, prompting discussions of a broad investigation into antitrust implications. Adding to investor anxiety, Netflix Director Reed Hastings executed a significant stock sale, liquidating 377,570 shares for approximately $40.7 million. Although some planned sales are anticipated, the timing of Hastings' move, coinciding with the regulatory threat, likely agitated investors and heightened market volatility.
Why Sunrun (RUN) Shares Are Sliding Today
Shares of residential solar energy company Sunrun (NASDAQ:RUN) fell 2.5% in the morning session after a director, Lynn Michelle Jurich, sold 50,000 shares of the company's stock for a total value of approximately $978,740.
Why Astronics (ATRO) Stock Is Falling Today
Shares of aerospace and defense technology solutions provider Astronics Corporation (NASDAQ:ATRO) fell 4.3% in the morning session after news surfaced that major aircraft manufacturer Airbus cut its 2025 delivery target, signaling potential headwinds for the aerospace supply chain. Airbus lowered its aircraft delivery forecast for 2025 after finding a new quality problem with fuselage panels on its A320-family planes. This issue was expected to disrupt production well into the next year. The company reduced its expected handovers to about 790 commercial aircraft from a previous forecast of around 820. A production cut from a major airframer like Airbus often raises investor concerns about lower demand for parts from suppliers across the aerospace industry.
Kontoor Brands (KTB) Stock Is Up, What You Need To Know
Shares of clothing company Kontoor Brands (NYSE:KTB) jumped 2.8% in the morning session after the company received a 'Moderate Buy' consensus rating from analysts, supported by a recent earnings beat and a dividend announcement. This confidence was partly fueled by the company's financial performance, as it reported earnings per share of $1.44 for the quarter, which topped the consensus estimate by $0.09. In addition to the strong earnings, Kontoor Brands also disclosed a quarterly dividend of $0.53 per share. This combination of better-than-expected profits, a shareholder dividend, and favorable analyst ratings from nine brokerages painted a healthy picture for the company's stock, with an average 12-month price target set around $96.00.
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.