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Lucid (LCID) Stock Is Up, What You Need To Know
Shares of luxury electric car manufacturer Lucid (NASDAQ:LCID) jumped 3.8% in the afternoon session after a company executive reassured investors about its growth plans and financial stability as the stock hit a new all-time low.
Amphenol (APH) Stock Is Up, What You Need To Know
Shares of electrical connector manufacturer Amphenol (NYSE:APH) jumped 4.9% in the afternoon session after Truist Securities raised its price target for the company, signaling continued confidence in its market performance and potential growth.
Why Is Oracle (ORCL) Stock Rocketing Higher Today
Shares of enterprise software giant Oracle (NYSE:ORCL) jumped 7.3% in the morning session after reports surfaced that TikTok's parent company, ByteDance, agreed to form a U.S. joint venture that would grant a group of American investors, led by Oracle, a controlling interest in the popular app's U.S. operations.
Why HEICO (HEI) Stock Is Up Today
Shares of aerospace and defense company HEICO (NSYE:HEI) jumped 4.1% in the morning session after the company reported strong third-quarter results that surpassed analyst expectations for both revenue and profit.
Scholastic (SCHL) Stock Trades Down, Here Is Why
Shares of educational publishing and media company Scholastic (NASDAQ:SCHL) fell 2.5% in the morning session after the company reported mixed fourth-quarter results that included a revenue miss and weak full-year guidance.
Applied Materials (AMAT) Stock Trades Up, Here Is Why
Shares of semiconductor machinery manufacturer Applied Materials (NASDAQ:AMAT) jumped 1.6% in the morning session after analyst firms raised their price targets on the stock. B. Riley Securities maintained its Buy rating on Applied Materials and increased its price target to $305.00 from $270.00.
Why KBR (KBR) Shares Are Trading Lower Today
Shares of government and sustainable technology solutions company KBR (NYSE:KBR) fell 5.3% in the morning session after Truist Securities lowered its price target on the stock to $50 from $62, citing the suspension of the Lake Charles LNG project.
Why AeroVironment (AVAV) Stock Is Up Today
Shares of aerospace and defense company AeroVironment (NASDAQ:AVAV) jumped 3.6% in the morning session after KeyBanc initiated coverage on the stock with an "Overweight" rating and a $285 price target. Analyst Michael Leshock set the target, which represented a potential 23% upside from the stock's previous price. In the research note, the firm cited AeroVironment's strong position in the defense technology and space growth sectors, along with its unique product offerings, as key reasons for the positive outlook. KeyBanc described the company as a high-quality defense technology leader operating within a strong macro backdrop. The move also occurred amid positive sentiment in the broader Aerospace & Defense sector.
Why Norwegian Cruise Line (NCLH) Stock Is Trading Up Today
Shares of cruise company Norwegian Cruise Line (NYSE:NCLH) jumped 5.9% in the morning session after its competitor, Carnival, announced strong future guidance and reinstated its dividend, boosting investor confidence across the cruise sector.
Why Is Rivian (RIVN) Stock Soaring Today
Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) jumped 7.2% in the morning session after it received multiple positive analyst actions, including a significant price target increase from Wedbush.