Stocks such as NVDA, GLW, HELE, PATH, and others to watch

Welcome to Extreme Investor Network, your go-to source for all things finance! Today, we are diving into the latest market movers and shakers, giving you exclusive insights and analysis on the companies making headlines in midday trading.

Nvidia, the artificial intelligence darling, saw a 1.8% increase in its shares following KeyBanc’s price target hike to $180. This implies a remarkable 40% upside from Monday’s close. KeyBanc highlighted the strong demand for Nvidia’s H100 chip despite the upcoming launch of Blackwell later this year.

On the flip side, Helen of Troy experienced a steep 28% drop in its stock price, hitting a new 52-week low. The company reported an earnings miss for its first quarter of fiscal 2025, earning 99 cents per share, below analysts’ expectations of $1.59 per share. Additionally, the company revised its full-year guidance downwards.

Related:  Economists say high inflation is largely not the fault of Biden or Trump

UiPath, a software stock, fell 7% after announcing a workforce reduction of about 10% as part of a restructuring plan to manage operating expenses. Jumia Technologies, on the other hand, saw a 30% surge in its stock price after Benchmark initiated coverage with a buy rating, citing the company’s strong positioning in the e-commerce market.

Chemours received an upgrade to buy from neutral at UBS, leading to a 2% increase in its stock price. U.S.-listed shares of BP dropped 4.5% after the company warned of a potential impairment of up to $2 billion in the second quarter and weak refining margins.

These are just a few highlights from the midday trading session. Stay tuned to Extreme Investor Network for more exclusive market insights, analysis, and investment opportunities. Don’t miss out on the latest trends in finance – trust Extreme Investor Network to keep you ahead of the curve.

Related:  Dow Jones Reaches All-Time High Based on Federal Reserve Rate Expectations; Top 5 Stocks to Buy, Micron Surges Later

Source link