People walk by Dollar Tree store in Brooklyn, New York City on December 11, 2018.
Spencer Pratt | Getty Images News | Getty Images
Check out the companies that made the headlines in midday trading.
Dollar tree — After discount retailers, Dollar Tree soared 16% Announce It is planned to add a price point of more than $1 in all Dollar Tree Plus stores, and will start testing price points of more than $1 in some traditional Dollar Tree stores.The company also added Share repurchase authorization 1.05 billion U.S. dollars, for a total of 2.5 billion U.S. dollars.
Universal — After the generator manufacturer announced its new 2024 target on Wednesday morning’s Investor Day, its stock price fell by more than 6%. This includes an adjusted profit margin of 24% to 25%, while FactSet estimates it to be 26.9%. It also reaffirmed its guidelines for the full year 2021.
Sober car — The company said on Tuesday that the electric car maker’s share price has risen by more than 7% It is planned to deliver Its first electric luxury sedan was launched in late October. Earlier this week, Lucid started production at its Arizona plant.
Netflix — The streaming company rose 3.1% after the announcement Acquired Night School Studio, a video game manufacturer Efforts to diversify its sources of income. KeyBanc also Maintain Overweight rating And said on Wednesday that the company’s content section is resonating with subscribers.
confirm — The financial services company’s stock fell more than 1%. Although Affirm announced on its Investor Day that it will provide debit cards and allow customers to perform cryptocurrency transactions directly from savings accounts, there has been a decline.
Boeing — Boeing shares rose 3.3% after Bernstein upgraded the aircraft manufacturer’s stock from market performance to outperform rating. Bernstein said that as the global vaccination rate increases and global travel demand rebounds, Boeing will rise.The company also Increased target price The stock rose to $279, nearly 30% higher than Tuesday’s closing price.
Eli Lilly — Eli Lilly shares rose 3.6% after Citi Pharmaceutical stock upgrade Buy from neutral. The company said that Eli Lilly’s stock price is currently attractive after falling back from its August high. Citi expects that the introduction of Eli Lilly’s Alzheimer’s disease drug will be a key driver of the company’s growth. The bank also raised its target price for the stock to $265, which means an increase of nearly 20% from Tuesday’s closing price.
gap — Gap’s stock price rose more than 1% after the clothing retailer announced the latest drop in the highly anticipated Kanye West brand Yeezy product line. This $90 hoodie can be ordered online.Wells Fargo estimated the Yeezy series earlier this year Can bring in nearly 1 billion U.S. dollars Incremental sales in 2022.
automation — After Morgan Stanley raised its shareholdings to equal weighting, AutoNation shares rose more than 4%, saying the company is optimistic about the management changes of the auto retailer.
ConAgra Brand — After Credit Suisse raised its stock from underperforming to neutral on Wednesday, the share price of packaged food company Conagra Brands rose by more than 3%. Other consumer food companies climbed: Tyson Foods, Kraft Heinz, JM Smok with Kellogg Increased by more than 2%.
Micron Technology — The semiconductor company’s share price has fallen 2% after issuing lower-than-expected guidance for the first quarter of 2022. Other semiconductor stocks also fell. NXP Semiconductors fell nearly 4%, Microchip Technology fell more than 3%, and Advanced Micro Devices fell 1.3%.
— CNBC’s Hannah Miao, Maggie Fitzgerald and Yun Li provided reporting
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