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Check out the companies that are trending in intraday trading. Spirit Airlines, JetBlue Airways — Spirit Airlines and JetBlue Airways fell 22% and 8%, respectively, in a day after a federal judge blocked JetBlue’s proposed $3.8 billion takeover of Spirit. Following the ruling, Bank of America downgraded Spirit to underperform, and Susquehanna downgraded the company to negative. Interactive Brokers — Shares of the electronic broker rose nearly 2% after reporting mixed fourth-quarter results. Late Tuesday, Interactive Brokers reported adjusted revenue of $1.15 billion, beating the $1.14 billion consensus estimate from analysts compiled by LSEG (formerly Refinitiv). Adjusted earnings, however, were 3 cents per share lower than expected. Sinclair — Shares rose 13% after the broadcaster announced a settlement of all lawsuits related to Diamond Sports Group. Sinclair will pay Diamond $495 million in cash as part of the deal. SolarEdge — SolarEdge fell 5% after Barclays downgraded the solar stock to underweight, citing a tougher path to recovery than its peers. Teladoc — Following DA Davidson’s downgrade to neutral, the virtual healthcare platform’s stock fell 4.5% on his. The investment firm cited stalled growth as a factor in its decision. Nutanix — After William Blair gave his Nutanix an outperform rating, his cloud computing company added his 2%. The investment firm said Nutanix’s stock price could rise due to industry consolidation following the acquisitions of Broadcom and VMware. Instacart — Shares of the food delivery service soared 8% Wednesday after Wolf Research upgraded the stock to outperforming its peers. The company believes the risk-reward ratio is “attractive” at current levels and believes it has the potential to achieve strong revenue growth, including a potential merger with Uber that could revive the stock price. He said there are several paths. Rivian — The electric car maker fell nearly 8% after Deutsche Bank downgraded its rating to unchanged. The bank said its efforts to increase gross margins may take longer than expected. Tesla — Tesla stock fell about 3% after the electric car maker cut the price of its Model Y across Europe, shortly after announcing similar price cuts in China. Ford — Shares of the automaker fell 2.5% after UBS downgraded the stock to neutral from buy. The bank said Ford’s stock was already trading at a fair valuation and could face even tougher conditions going forward compared to its competitors. Morgan Stanley — The investment bank’s stock fell 2%. JPMorgan downgraded the stock to neutral from overweight after the bank released a mixed quarterly report on Tuesday. The bank has been hit with costly regulatory charges, and CEO Ted Pick has warned of significant downside risks ahead. Polaris, Mattel — Stock price fluctuated following rating change by Morgan Stanley. Automaker Polaris rose nearly 2% after being upgraded to overweight, with the company calling it an industry leader with an attractive risk/reward ratio. Meanwhile, toy maker Mattel fell 2.8% after Morgan Stanley downgraded the stock to equal weight, citing high consensus estimates and a bleak 2024 outlook. Boeing — The aircraft maker soared 1% after the Federal Aviation Administration announced it had completed inspections of 40 of Boeing’s 737 Max 9 aircraft. Boeing shares fell 22% in January after the aerospace giant suffered recent woes, including a door panel blown off during a flight. Fisker — U.S. electric vehicle stock drops 10% following market performance downgrade by TD Cowen. “We believe that changes in distribution strategy, continued delivery issues, schedule delays and a general softening of the EV market as a whole have diminished this once-shining new car maker,” Wall said. the city’s company writes. Marathon Digital — The cryptocurrency mining company fell 3% during Wednesday trading. Early in the morning, the company received an upgrade for purchase from BTIG. Analyst Gregory Lewis cited the recent approval of a Bitcoin exchange-traded fund as a positive sign. On Tuesday, Marathon Digital announced that it has completed the acquisition of two Bitcoin mining sites from Generate Capital. —CNBC’s Alex Harring, Yun Li, Pia Singh and Samantha Subin contributed reporting.
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