Investors are always on the lookout for companies that are making headlines in midday trading. From crypto stocks to restaurant chains, there is always something new happening in the market. Here is a recap of some of the latest news from the trading world:
– Crypto stocks: Stocks tied to the price of bitcoin rose as the cryptocurrency hit record highs. Companies like Coinbase, MicroStrategy, Marathon Digital, Riot Platforms, and CleanSpark saw fluctuations in their stock prices.
– Texas Roadhouse: The restaurant chain received an upgrade to outperform by Baird, leading to a 2.6% increase in its stock price.
– Moelis & Co.: The investment bank received an upgrade from Goldman Sachs and saw a 3.7% gain in its stock price.
– Tesla: The electric vehicle maker saw a slight decrease in its stock price after Wells Fargo downgraded it due to potential risks.
– Chipmakers: Companies like Nvidia, Advanced Micro Devices, and Micron Technology saw decreases in their stock prices as the AI-related rally slowed down.
– Dollar Tree: The discount retailer saw a significant drop in its stock price after a disappointing quarterly report.
– Dollar General: The competitor of Dollar Tree also saw a decrease in its stock price following its competitor’s results.
– GE HealthCare: The medtech company announced a secondary offering, leading to a 3.6% drop in its stock price.
– Legend Biotech: The biotechnology company saw a 4.4% increase in its stock price after receiving an outperform rating from Raymond James.
– Cruise line operators: Companies like Royal Caribbean and Carnival saw gains in their stock prices after receiving buy ratings from Goldman Sachs.
– Petco Health and Wellness: The pet retailer announced a search for a new CEO, leading to a 1.6% decrease in its stock price.
Overall, the trading world is always buzzing with activity as investors react to news and updates from various companies. Stay tuned for more updates as the market continues to evolve.
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