Stocks making the biggest moves midday: Hims & Hers Health, Norwegian Cruise Line, Target and more
Check out the companies making headlines in midday trading: Hims & Hers Health — Shares surged 27.7% after the telehealth company introduced access to compounded GLP-1 injections, expanding on the weight loss program it launched in December. Wix.com — The web development company jumped 23.8% after it posted better-than-expected first-quarter results. It also raised its full-year guidance on free cash flow. Norwegian Cruise Line — The cruise line operator jumped 7.6% after Norwegian Cruise Line lifted its full-year earnings guidance. It also reported better-than-expected first-quarter results. Target — The retail stock fell 2.1% after Target said it will cut prices on roughly 5,000 frequently purchased goods to bring back consumers “feeling pressured” by higher prices. Li Auto — The U.S.-listed shares of the Chinese electric vehicle maker tumbled 12.8% after Li Auto posted first-quarter earnings that came in weaker than expected, as well as softer guidance for current-quarter revenue. Teradyne — Shares rose 5.8% after Goldman Sachs upgraded the semiconductor testing equipment maker to buy. The bank said a cyclical recovery within its system-on-chip design test business could spur future stock outperformance. GameStop — The video game retailer jumped 4.2%, following last week’s choppy trading after a resurgence in the meme stock trade. Micron Technology — The chip stock moved 3% higher following an upgrade by Morgan Stanley to equal weight from underweight . The bank said it had overestimated how much last year’s losses would weigh on the stock’s valuation and underestimated the economic and narrative elements of artificial intelligence memory. Hasbro — Shares gained 3.2% after Morgan Stanley called Hasbro a top pick, saying its recent underperformance gives investors a strong entry point. Johnson Controls — The building controls stock added 2.3% after Bloomberg News reported that Elliott Management has built out a stake of more than $1 billion. Elliott is known for its track record as an activist hedge fund. Nvidia — Nvidia shares added 2.5% after a slew of analysts upped their price targets on the chipmaker ahead of its quarterly results later in the week. Microsoft , Dell Technologies — Microsoft gained 1.2% ahead of its Build developer conference that kicks off Tuesday. Dell Technologies shares dipped 2.7% as it holds its own developer event. NextDecade — Shares jumped 14.8% after the UAE’s state-owned oil company said it secured a 11.7% stake in NextDecade’s Rio Grande liquefied natural gas, or LNG, export project. NuScale Power — The nuclear power stock advanced 14.9%. Uranium stocks have recently gained after President Joe Biden signed a bill banning imports of Russian uranium for nuclear fuel. Year to date, NuScale is up more than 100%. — CNBC’s Michelle Fox, Lisa Kailai Han, Alex Harring and Samantha Subin contributed reporting. This post has been syndicated from a third-party source. View the original article here.
