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Why Universal Logistics (ULH) Stock Is Falling Today
Shares of transportation and logistics solutions provider Universal Logistics (NASDAQ:ULH) fell 4.4% in the afternoon session after Stifel analyst J. Bruce Chan lowered the price target on the company's stock to $17.00 from $18.00.
Olaplex (OLPX) Stock Trades Up, Here Is Why
Shares of hair care company Olaplex (NASDAQ:OLPX) jumped 8.4% in the afternoon session after positive sentiment spread through the beauty sector following a bullish analyst note on the industry's outlook.
Why Grand Canyon Education (LOPE) Stock Is Trading Up Today
Shares of higher education company Grand Canyon Education (NASDAQ:LOPE) jumped 2.9% in the afternoon session after the company announced a $300 million increase to its stock repurchase program and its partner, Grand Canyon University (GCU), received formal recognition of its non-profit status from the U.S. Department of Education.
Why Comcast (CMCSA) Stock Is Up Today
Shares of telecommunications and media company Comcast (NASDAQ:CMCSA) jumped 4.8% in the afternoon session after speculation arose that an activist investor might be taking an interest in the company, leading to unusual trading activity.
Why Is Torrid (CURV) Stock Rocketing Higher Today
Shares of women’s plus-size apparel retailer Torrid Holdings (NYSE:CURV) jumped 8.9% in the afternoon session after positive sentiment swept through the plus-size apparel sector as two of its peers, Destination XL and FullBeauty Brands, announced a merger.
Why Benchmark (BHE) Shares Are Falling Today
Shares of electronics manufacturing services provider Benchmark (NYSE:BHE) fell 3.5% in the afternoon session after an executive sold shares worth $478,300, according to a regulatory filing.
iHeartMedia (IHRT) Stock Trades Up, Here Is Why
Shares of global media and entertainment company iHeartMedia (NASDAQ:IHRT) jumped 4.1% in the afternoon session after the company announced an exclusive video podcasting partnership with Netflix.
Why Rivian (RIVN) Shares Are Falling Today
Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) fell 5.1% in the afternoon session after its competitor Ford announced a major pullback from its electric vehicle (EV) strategy, which amplified investor concerns about waning consumer demand and the financial health of the EV market.
Why Limbach (LMB) Stock Is Up Today
Shares of building systems company Limbach (NASDAQ:LMB) jumped 4.7% in the afternoon session after its board of directors approved a share repurchase program authorizing the company to buy back up to $50.0 million of its common stock.
Why Shake Shack (SHAK) Shares Are Trading Lower Today
Shares of fast-food chain Shake Shack (NYSE:SHAK) fell 1.8% in the afternoon session after a weak November jobs report raised concerns about consumer spending, which could impact restaurant sales.