World Wrestling, Bed Bath, Costco

World Wrestling, Bed Bath, Costco

Shoppers line up outside a Costco to buy supplies after the Hawaii Department of Health advised residents on Wednesday that they should stock up on a 14-day supply of food, water and other necessities for possible risks of the new coronavirus in Honolulu, Hawaii, Feb. of USA 28, 2020.

Courtesy of Duane Tanouye via REUTERS

Check out the companies making headlines in midday trading.

World Wrestling Entertainment — The wrestling entertainment stock rose 21% after WWE announced that founder Vince McMahon is returning to its board of directors and that the company is exploring strategic moves. McMahon stepped down as CEO last year following a sexual misconduct investigation, but has remained a majority shareholder. The Wall Street Journal reported that McMahon is returning to pursue a possible sale of the business.

investment news

R1 RCM — Shares of the healthcare technology firm rose more than 11% after the company raised its revenue outlook for 2023. The company also reaffirmed its full-year 2022 guidance.

Costco Wholesale – Shares of the big retailer jumped more than 6% after it reported solid sales figures for December. Costco posted net sales of $23.8 billion in December 2022, up 7% year over year. Evercore ISI also added Costco to its “fantastic five” list, saying it is a defensive force.

First Solar — Shares of First Solar rose more than 4% after Wells Fargo upgraded it to overweight, saying Europe’s energy crisis and the U.S. Inflation Reduction Act will boost demand for solar power.

Bed Bath & Beyond — Shares fell 20% after the retailer warned it was running out of cash and considering bankruptcy. That prompted KeyBanc to cut its price target by 95% to 10 cents from $2 a share.

Tesla – Shares of Tesla rose 0.9% after falling to their lowest level in nearly two years during the day. Tesla has cut prices for its Model 3 and Model Y vehicles in Asia.

Silvergate Capital – Shares of the crypto-focused bank fell 13%, adding to its 42% loss from the previous day. JPMorgan downgraded SI to neutral from overweight, citing worse-than-expected deposit outflows from Silvergate and questioning the company’s long-term profitability.

Greenbrier Companies – Shares fell more than 13% after the rail care maker’s latest quarterly earnings missed analysts’ estimates, although revenue beat expectations, according to FactSet consensus estimates. CEO Lorie Tekorius said higher costs for exterior parts and material shortages hurt manufacturing margins.

Agilent Technologies — Shares fell more than 4%. Agilent said Thursday it will partner with Akoya Biosciences to develop solutions for tissue analysis. Akoya shares rose more than 5%.

MGM Resorts International — Shares rose more than 4% after Stifel upgraded the hospitality stock to buy from hold, saying it will benefit from a strong recovery in Las Vegas.

Voya Financial — The financial stock gained 4.4% after JPMorgan upgraded it to overweight from neutral. The firm cited Voya’s lower-risk business, ability to generate capital and valuation as pluses.

Doximity – Shares fell more than 5% after Morgan Stanley cut the online networking service for medical professionals to underweight from equal weight, saying there will be a further slowdown in growth in the healthcare digital advertising space in the year next, according to FactSet’s StreetAccount. .

— CNBC’s Michelle Fox, Alex Harring, Yun Li, Tanaya Macheel, Jesse Pound and Samantha Subin contributed reporting.

Leave a Reply

Your email address will not be published. Required fields are marked *