[ad_1]
Check out the companies that are trending in intraday trading. Geron Corporation — The biotech company’s stock soared 90% after the U.S. Food and Drug Administration’s advisory board voted in favor of Geron’s blood disease treatment imetelstat. Geron expects a regulatory decision in June. Micron Technology — Semiconductor shares rose 2.4% after Citi named Micron one of its top stocks and raised its price target by $55 to $150. The bank said the stock deserves a premium given the company’s growing exposure to artificial intelligence. Rivian Automotive — Piper Sandler upgraded the electric vehicle maker to overweight and raised its price target from $15 to $21, sending the stock surging 3.4% and suggesting a 96% rise from Thursday’s close. suggested. The company said it is bullish on Rivian’s new product launches and decision to postpone capital expenditures. Fisker — Stocks soar after the troubled EV maker downplayed talk of a possible bankruptcy filing, saying it was working to raise more capital and hoped to sign a deal with another automaker. It rose more than 13% (2 cents). The stock is down about 53% week-to-date. Adobe — Shares fell 15% after the software company announced weak earnings guidance for the current quarter. JABIR — Shares fell 17% after the global manufacturing company’s second-quarter sales fell short of analysts’ expectations. Jabil also lowered its outlook for fiscal year 2024. PagerDuty — Shares fell 8.9% after the IT company issued weaker-than-expected forecasts, expecting adjusted earnings per share of 12 to 13 cents. This is below the LSEG (formerly Refinitiv) consensus estimate of 18 cents per share. Revenue guidance was in the range of $110.5 million to $112.5 million, also below analysts’ expectations of $113.4 million. Smartsheet — The business software provider fell 3.2% after it announced a worse-than-expected earnings outlook than analysts expected. Smartsheet’s revenue for the quarter was between $257 million and $259 million, compared with the full-year range of $1.113 billion to $1.118 billion. Analysts surveyed by FactSet expected revenue of $262.3 million for the quarter and $1.14 billion for the full year. Ulta Beauty — Shares fell 5.3% after the beauty products retailer reported disappointing full-year earnings guidance. However, Ulta reported higher profits and sales in the fourth quarter. Crypto Stocks — Stocks related to cryptocurrencies were spooked after Bitcoin pulled back from recent highs in overnight trading. Coinbase and Marathon Digital rose 1.3% and 2.9%, respectively, reversing previous stock declines. Meanwhile, Bitcoin buyer MicroStrategy fell 2.2%. ZUMIEZ — After the specialty retailer said Thursday it expected a first-quarter loss of $1.09 to $1.19 per share, compared to consensus estimates of 34 cents per share, according to FactSet. The stock price fell 10.3%. The company’s earnings outlook also disappointed expectations. Cardlytics — Cardlytics’ 2023 EBITDA turned positive for the first time since 2019, sending the advertising company’s stock up more than 50%. The company also provided better-than-expected guidance for the first quarter. Steel Dynamics — Shares of the Indiana-based steelmaker rose more than 2% following a strong first-quarter earnings outlook. Steel Dynamics said it expects earnings per share of $3.51 to $3.55 for the current quarter. That’s higher than Wall Street analysts’ estimate of his $3.32 per share, according to StreetAccount. —CNBC’s Alex Harring, Jesse Pound, Lisa Kailai Han and Michelle Fox Theobald contributed reporting.
[ad_2]
Source link
