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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.
Why Mercury Systems (MRCY) Shares Are Trading Lower Today
Shares of aerospace and defense company Mercury Systems (NASDAQ:MRCY) fell 3.9% in the afternoon session after speculation grew that the conflict between Russia and Ukraine might be nearing a resolution, impacting the broader defense sector.
Why Littelfuse (LFUS) Shares Are Falling Today
Shares of electronic component provider Littelfuse (NASDAQ:LFUS) fell 3.6% in the afternoon session after two of the company's top executives sold a significant amount of their shares.
Why JELD-WEN (JELD) Stock Is Up Today
Shares of building products manufacturer JELD-WEN (NYSE:JELD) jumped 2.6% in the afternoon session after an analyst at Jefferies raised the stock's price target, reflecting a more positive outlook on the company's future valuation.
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.