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Why Is Caleres (CAL) Stock Soaring Today
Shares of footwear company Caleres (NYSE:CAL) jumped 6.3% in the afternoon session after investor optimism grew ahead of its third-quarter earnings report, scheduled for December 9th. Analysts expected the company to announce earnings of $0.75 per share and revenue of $768.59 million for the quarter. The positive sentiment was also supported by a broader market rally. A report showing an unexpected loss in jobs for November fueled hopes that the Federal Reserve would consider cutting interest rates, which generally helps lift stock prices. The stock had already been on an upward trend, having risen in seven of the previous ten trading days.
REV Group (REVG) Stock Trades Up, Here Is Why
Shares of speciality vehicle provider REV (NYSE:REVG) jumped 6.2% in the afternoon session after a report showed a significant decrease in bets against the company's stock, indicating a more bullish sentiment among investors.
Why Pitney Bowes (PBI) Stock Is Up Today
Shares of shipping and mailing solutions provider Pitney Bowes (NYSE:PBI) jumped 4.7% in the afternoon session after analyst firm Citizens initiated coverage on the stock with a 'Market Outperform' rating and a $13 price target. The new rating was the first time Citizens had covered the company. The firm noted Pitney Bowes' strong market leadership and shareholder-friendly decisions under new management, such as share repurchases and four straight quarterly dividend increases. Citizens also pointed to several potential growth drivers.
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.