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Why Lincoln Educational (LINC) Stock Is Trading Up Today
Shares of education company Lincoln Educational (NASDAQ:LINC) jumped 1.9% in the afternoon session after Barrington Research raised its price target on the company to $27 from $25, while maintaining its Outperform rating.
Why Robinhood (HOOD) Shares Are Falling Today
Shares of financial services company Robinhood (NASDAQ:HOOD) fell 4.8% in the afternoon session after a broad sell-off in the cryptocurrency market, driven by a sharp drop in the price of Bitcoin, weighed on crypto-related stocks.
Why Myriad Genetics (MYGN) Stock Is Trading Lower Today
Shares of genetic testing company Myriad Genetics (NASDAQ:MYGN) fell 6% in the afternoon session after the U.S. Food and Drug Administration (FDA) approved a competing blood-based test for prostate cancer from rival company Cleveland Diagnostics.
Why Mirion (MIR) Stock Is Trading Lower Today
Shares of radiation safety company Mirion (NYSE:MIR) fell 2.6% in the afternoon session after a director, Lawrence D. Kingsley, sold 300,000 shares of the company's stock. The shares were sold for a total value of about $7.15 million. This sale represented a notable transaction by a key insider. Following the sale, the director's direct ownership in the company was reduced. Significant stock sales by company insiders can sometimes cause concern among investors regarding the company's outlook, contributing to downward pressure on the stock price.
Why Ulta (ULTA) Stock Is Trading Up Today
Shares of beauty, cosmetics, and personal care retailer Ulta Beauty (NASDAQ:ULTA) jumped 3.1% in the afternoon session after JP Morgan analyst Christopher Horvers maintained an "Overweight" rating on the company while raising the price target. The financial firm increased its price target on Ulta Beauty's stock to $606 from $600. An "Overweight" rating suggests that the analyst believes the stock will perform better than the overall market in the future. This vote of confidence from a major Wall Street bank signaled a positive outlook for the beauty retailer, which likely boosted investor sentiment and drove the share price higher.
Tilly's (TLYS) Stock Trades Down, Here Is Why
Shares of young adult apparel retailer Tilly’s (NYSE:TLYS) fell 1.4% in the afternoon session after reports indicated strong Black Friday retail sales, especially within the apparel sector.
Why Oscar Health (OSCR) Shares Are Trading Lower Today
Shares of health insurance company Oscar Health (NYSE:OSCR) fell 6% in the afternoon session after investor concerns over rising medical costs and the expiration of healthcare subsidies fueled bearish market activity.
Why Hertz (HTZ) Shares Are Sliding Today
Shares of global car rental company Hertz (NASDAQ:HTZ) fell 4.7% in the afternoon session after a generally bearish sentiment from analysts and technical indicators weighed on the stock.
Why Strategy (MSTR) Stock Is Trading Lower Today
Shares of bitcoin development company Strategy (NASDAQ:MSTR) fell 11.2% in the afternoon session after Bitcoin's price continued its sharp decline, hitting its lowest levels in months and dragging down all crypto-related stocks.
monday.com (MNDY) Stock Trades Up, Here Is Why
Shares of work management platform monday.com (NASDAQ:MNDY) jumped 4.1% in the afternoon session after the stock appeared to rebound from a 52-week low.