At Extreme Investor Network, we bring you the latest news and updates on the companies making headlines in midday trading. Let’s dive into some of the top movers in the market today:
1. Hims & Hers Health: The telehealth company saw a 27.7% surge in its shares after introducing access to compounded GLP-1 injections, expanding on its successful weight loss program.
2. Wix.com: The web development company jumped 23.8% after posting better-than-expected first-quarter results and raising its full-year guidance on free cash flow.
3. Norwegian Cruise Line: Shares of the cruise line operator jumped 7.6% after lifting its full-year earnings guidance and reporting strong first-quarter results.
4. Target: The retail stock fell 2.1% as the company announced price cuts on 5,000 frequently purchased goods to attract consumers feeling pressured by higher prices.
5. Li Auto: U.S.-listed shares of the Chinese electric vehicle maker tumbled 12.8% after posting weaker-than-expected first-quarter earnings and softer guidance for current-quarter revenue.
6. Teradyne: The semiconductor testing equipment maker saw a 5.8% increase in shares after an upgrade to buy by Goldman Sachs, citing potential future stock outperformance.
7. GameStop: The video game retailer jumped 4.2%, following last week’s meme stock trade resurgence.
8. Micron Technology: Shares moved 3% higher after an upgrade by Morgan Stanley, which underestimated the economic and narrative elements of artificial intelligence memory.
9. Hasbro: Shares gained 3.2% after being called a top pick by Morgan Stanley, providing investors with a strong entry point.
10. Microsoft, Dell Technologies: Microsoft gained 1.2% ahead of its Build developer conference, while Dell Technologies shares dipped 2.7% during its own developer event.
At Extreme Investor Network, we strive to provide you with unique insights and analysis on market trends to help you make informed investment decisions. Stay tuned for more updates and expert opinions on the latest developments in finance and investing.