Visitors at the Tesla booth at the World Artificial Intelligence Conference in Shanghai, July 6, 2023.
Costfoto | Nurphoto | Getty Images
Discover the latest trending companies in midday trading.
Tesla — The stock of the electric vehicle manufacturer surged more than 10% following an upgrade from Morgan Stanley. Analyst Adam Jones predicts a significant breakthrough in autonomous driving technology.
J.M. Smucker, Hostess — Smucker’s shares declined by 7% after announcing the acquisition of Hostess Brands for $34.25 a share in a cash and stock deal. Hostess’ stock surged by 19.1%, reaching its highest point in 52 weeks.
Tenable Holdings — JPMorgan’s upgrade from neutral to overweight caused the exposure management solutions provider’s stock to rise by 3.1%. Improved fundamentals are expected for the company.
Kenvue — Deutsche Bank’s upgrade of the Band-Aid manufacturer’s stock from hold to buy led to a 3.6% increase. Kenvue is considered a high-quality company and attractive at its current price, after a 15% decline since its IPO in May.
Alibaba — The Chinese tech giant’s stock dropped by 1.5% after the unexpected resignation of outgoing CEO Daniel Zhang from its cloud business. Previously, Zhang had announced his departure from Alibaba Group to focus on the cloud intelligence unit.
Meta — According to the Wall Street Journal, the tech giant’s
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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.
