Here are the Stock Moves of Some Biggest Companies
- Hycroft Mining and AMC Entertainment — The movie theatre business saw its shares soar 6.8 percent after revealing it planned to purchase a roughly 22 percent stake in a tiny gold and silver miner, Hycroft Mining. Hycroft Mining’s stock price, which is less than $2, increased 9.4 percent.
- Starbucks — The coffee company’s stock rose 4.8 percent after it announced a collaboration with Volvo Cars to study the use and potential scalability of electric vehicle chargers at Starbucks locations nationally. Meanwhile, Starbucks revealed the latest steps it is taking to limit its use of disposable cups.
- Delta Air Lines, United Airlines, and Southwest Airlines are just a few examples. Shares jumped after Delta, United, and Southwest reported that reservations exceeded expectations and that the recovery in travel demand has been stronger than expected. Delta increased by 8.7 percent, United increased by 9.2 percent, Southwest increased by 4.9 percent, and American Airlines increased by 9.3 percent.
- Coupa Software — shares fell 19.2 percent the next day as the business software firm issued a substantially lower-than-expected full-year outlook. Coupa, on the other hand, outperformed expectations in terms of profit and revenue in the most recent quarter.
- GitHub — GitLab shares surged 7.8 percent after the development operations platform outperformed analysts’ expectations in the fourth quarter and gave better-than-expected forecasts.
- Peloton — The at-home fitness company’s stock rose 11.9 percent after Bernstein initiated covering with a “outperform” recommendation. Peloton’s robust underlying business, new management, and recent stock price drop were all cited by the analyst. Her price estimate of $40 means that the stock might nearly double in the next year.
- Planet Fitness – Planet Fitness shares are up 2.5 percent after Evercore ISI initiated coverage of the company with an outperform recommendation. Evercore set a $130 price objective on the fitness centre operator, marking a 60% increase from the stock’s close on Monday.
- Toast – Shares of Toast rose 6.9 percent after Baird upgraded the restaurant software business to outperform from neutral and predicted that the stock could rise approximately 54 percent. According to Baird, Toast may benefit from “above-GDP growth” in the restaurant business as well as worldwide expansion potential.
- GoodRx After Baird upgraded the company to outperform, shares gained 10.4 percent. According to the business, the GoodRx stock sell-off this year provides a “excellent entry point” for investors.
- eBay – The retailer’s stock increased by 3.6 percent. Deutsche Bank initiated coverage of eBay with a buy recommendation on Tuesday, claiming that investors are undervaluing the company’s position in the resale market. Analysts predict that the company’s luxury resale market in European markets will rise.
