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Why Cars.com (CARS) Stock Is Trading Up Today
Shares of online new and used car marketplace Cars.com (NYSE:CARS) jumped 3.9% in the afternoon session as the stock garnered positive attention from analysts covering the company. A report covering five analysts showed a "Strong Buy" consensus rating. On average, these analysts set a price target of $17.70, which forecasted a potential 38.50% increase in the stock's value over the next year. The report noted that analysts believed the stock was likely to perform very well in the near future and significantly outperform the market.
Why Vestis (VSTS) Shares Are Plunging Today
Shares of uniform rental provider Vestis Corporation (NYSE:VSTS) fell 11.4% in the afternoon session after the company announced that its Chief Financial Officer, Kelly Janzen, would depart at the end of 2025.
IonQ (IONQ) Stock Trades Up, Here Is Why
Shares of quantum computing company IonQ (NYSE:IONQ) jumped 4.8% in the afternoon session after Jefferies initiated coverage on the company with a 'Buy' rating and set a price target of $100.
Why Cognex (CGNX) Stock Is Trading Up Today
Shares of machine vision technology company Cognex (NASDAQ:CGNX) jumped 5% in the afternoon session after Goldman Sachs issued a significant "double-upgrade" on the stock, moving its rating from Sell directly to Buy.
Why DraftKings (DKNG) Shares Are Sliding Today
Shares of fantasy sports and betting company DraftKings (NASDAQ:DKNG) fell 2.6% in the afternoon session after rival Robinhood Markets unveiled new features for its prediction market product, sparking concerns about increased competition.
Why Inter Parfums (IPAR) Stock Is Up Today
Shares of fragrance and perfume company Inter Parfums (NASDAQ:IPAR) jumped in the afternoon session after the company's Chairman and CEO, Jean Madar, acquired 25,000 shares of company stock.
Rush Street Interactive (RSI) Stock Trades Up, Here Is Why
Shares of online casino and sports betting company Rush Street Interactive (NYSE:RSI) jumped 3.1% in the afternoon session after an analyst at Susquehanna raised their price target on the stock and a favorable tax development in Colombia was reported. Susquehanna analyst Joseph Stauff maintained a "Positive" rating on the company and increased the price target to $23.00 from $22.00.
Why Advance Auto Parts (AAP) Shares Are Falling Today
Shares of auto parts and accessories retailer Advance Auto Parts (NYSE:AAP) fell 5.4% in the afternoon session after Evercore ISI Group lowered its price target on the stock to $56 from $58. The firm maintained its "In-Line" rating on Advance Auto Parts.
Shoals (SHLS) Stock Trades Down, Here Is Why
Shares of solar energy systems company Shoals (NASDAQ:SHLS) fell 3.9% in the afternoon session after Morgan Stanley downgraded the company's stock to 'Equal-Weight' from 'Overweight' and cut its price target.
Why Paramount (PSKY) Shares Are Trading Lower Today
Shares of multinational media and entertainment corporation Paramount (NASDAQ:PSKY) fell 2.4% in the afternoon session after several analysts issued “Sell” ratings amid concerns about the company's valuation following its hostile bid for Warner Bros. Discovery.