Midday Trading: Foot Locker, Carnival and More
Several companies made headlines in midday trading, here are some of the notable moves:
– Foot Locker dropped 1% after being downgraded to sell by Citi, citing a challenging environment for a turnaround.
– Carnival saw a 1% increase after being upgraded to buy from hold by Melius Research, which commended CEO Josh Weinstein’s transformation of the company and the prospects for the cruise industry.
– Crown Castle surged nearly 4% following an activist push for change from Elliott Investment Management, leading to a 20% drop in shares this year.
– Okta’s shares fell 3% after being downgraded to market perform by JMP Securities, following a cybersecurity breach in October that degraded the company’s brand.
– Albemarle, the largest U.S. provider of lithium for electric vehicle batteries, experienced a 5% dip, reflecting the broader challenges in the electric vehicle market.
– Teva Pharmaceuticals saw a 3% increase after an upgrade to buy from neutral by UBS, highlighting the company’s strong pipeline and upcoming clinical trials.
– Xenon Pharmaceuticals’ shares soared more than 15% despite mixed study results for its depression drug XEN1101.
– E-commerce stocks benefitted from strong Black Friday shopping numbers, with Affirm, Shopify, and Etsy all seeing positive gains.
– Domino’s Pizza jumped 4% after its price target was hiked by TD Cowen.
Overall, a mixed day for midday trading with a variety of ups and downs for companies across different sectors.
I have over 10 years of experience in the cryptocurrency industry and I have been on the list of the top authors on LinkedIn for the past 5 years. I have a wealth of knowledge to share with my readers, and my goal is to help them navigate the ever-changing world of cryptocurrencies.
