The Rivian brand is proudly displayed on their cutting-edge electric SUVs in San Diego, U.S., December 16, 2022.
Mike Blake | Reuters
Discover the intriguing stories of these standout companies during midday trading.
Toyota Motor — Shares soar by 1.7%, hitting a new 52-week high, following the report of impressive revenue results in the first quarter. Toyota boasts an operating income of 1.12 million yen ($7.84 billion), a staggering 94% increase from the previous year. Analysts surveyed by Refinitiv had predicted 9.878 trillion yen.
Coinbase – The popular cryptocurrency exchange experiences an 8% decline in shares after a federal judge declares that some crypto assets should be classified as securities, regardless of the context in which they are sold. This ruling comes from the same Manhattan federal court that made a controversial decision in the Securities and Exchange Commission’s case against Ripple in July, which had ruled the opposite for Ripple’s XRP token, giving hope to Coinbase in its ongoing battle with the SEC.
ResMed — This health technology stock gains 1.9% after RBC upgrades its shares to outperform, citing an attractive risk-reward profile.
Gap, American Eagle— Gap sees a 2% surge in shares during midday trading after Barclays upgrades the stock from equal weight to overweight. Analyst Adrienne Yih assigns a price target of $13 to the company, indicating a potential 26.2% rally from Monday’s closing price. Barclays also upgrades retailer American Eagle, leading to a 2.8% gain in its shares.
DoorDash — Shares drop approximately 4% ahead of the company’s quarterly earnings announcement scheduled for Wednesday after the market closes.
ZoomInfo Technologies – Shares plunge by 25% as the data company releases a disappointing revenue outlook for the third quarter in its recent financial update. ZoomInfo projects revenues of $309 million to $312 million for the quarter, falling short of
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Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
