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MercadoLibre (MELI) Stock Trades Up, Here Is Why
Shares of latin American e-commerce and fintech company MercadoLibre (NASDAQ:MELI) jumped 4.1% in the afternoon session after the company reported record sales volumes during the major shopping event, El Buen Fin.
Why Is Chegg (CHGG) Stock Rocketing Higher Today
Shares of online study and academic help platform Chegg (NYSE:CHGG) jumped 7.5% in the afternoon session after the stock appeared to rebound following a sharp decline in the previous trading session. The prior day's drop of over 8% occurred after the Federal Trade Commission (FTC) took action against a peer company, Illuminate Education, Inc., over a major data breach. That news had raised concerns among investors about the possibility of increased regulatory scrutiny and data security issues across the entire education technology industry. The stock's recovery happened as the broader market rallied, with renewed optimism about a potential Federal Reserve rate cut helping lift equities.
C3.ai (AI) Stock Is Up, What You Need To Know
Shares of enterprise AI software company C3.ai (NYSE:AI) jumped 2.2% in the afternoon session after investor optimism improved ahead of its second-quarter fiscal 2026 earnings report, scheduled for after the market close on December 3rd.
Why Warner Bros. Discovery (WBD) Stock Is Trading Up Today
Shares of global entertainment and media company Warner Bros. Discovery (NASDAQ:WBD) jumped 3.2% in the afternoon session after reports revealed that streaming giant Netflix made a mostly cash offer to acquire the company.
Why General Mills (GIS) Shares Are Trading Lower Today
Shares of packaged foods company General Mills (NYSE:GIS) fell 2.9% in the afternoon session after the stock hit a new 52-week low amid mounting concerns over declining sales and increased government scrutiny of food industry pricing.
Lucid (LCID) Stock Trades Up, Here Is Why
Shares of luxury electric car manufacturer Lucid (NASDAQ:LCID) jumped 2.3% in the afternoon session after the stock bounced from its 52-week lows amid easing pressure on high-growth companies and high short interest in the name.
Why Target Hospitality (TH) Shares Are Sliding Today
Shares of workforce housing company Target Hospitality (NASDAQ:TH) fell 2.8% in the afternoon session after profit-taking followed a strong rally in the preceding trading sessions.
1-800-FLOWERS (FLWS) Stock Trades Up, Here Is Why
Shares of e-commerce florist and gift retailer 1-800-FLOWERS (NASDAQ:FLWS) jumped 1.9% in the afternoon session after the stock staged what appeared to be a technical rebound, which followed the company's weak third-quarter financial report. This rebound happened even though 1-800-FLOWERS reported that its revenues fell by 11.1% compared to the same period in the previous year, landing at $215.2 million. This figure also fell short of what analysts had expected by 1.2%. The quarter was described as soft for the company, which also had a significant miss on its earnings per share (EPS) estimates. The stock had declined since the earnings were announced, setting the stage for the subsequent bounce.
Why AutoZone (AZO) Shares Are Sliding Today
Shares of auto parts and accessories retailer AutoZone (NYSE:AZO) fell 2.7% in the afternoon session after a Morgan Stanley report highlighted potential headwinds for the company, including tariffs and increased investments in business operations. The investment bank pointed to tariffs, which are taxes on imported goods, as a potential factor that could increase costs. The report also noted that AutoZone's own investments in selling, general, and administrative expenses—the day-to-day costs of running the business—could create challenges. Despite these concerns, the analysis acknowledged that the company could still see benefits from favorable long-term trends within the auto parts industry.
Why JFrog (FROG) Stock Is Trading Up Today
Shares of software supply chain platform JFrog (NASDAQ:FROG) jumped 3.2% in the afternoon session after KeyBanc reiterated its "Overweight" rating and a $71 price target on the stock.