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Check out the companies that are trending in intraday trading. Nike — The sneaker brand fell nearly 8% after the company gave a weak full-year outlook and reported slowing sales in China. Nike reported significant improvement in sales and bottom line profits in its latest quarter. Lululemon — The athleisure company plunged 16% after it announced a weaker-than-expected outlook due to weak demand in North America. Separately, Lululemon beat earnings and revenue expectations for its fiscal fourth quarter. Reddit — The social media platform’s stock price fell 2% a day after its initial public offering. On Thursday, Reddit soared 48% on his long-awaited debut. Best Buy — The retailer added 2.7% after JPMorgan upgraded its rating from neutral to overweight. The company called the stock “spring-loaded” and said there were positive trends to note. FedEx — The shipping company rose 7% after it beat analyst expectations in the last quarter. FedEx reported adjusted earnings of $3.86 per share and revenue of $21.7 billion, compared to analysts surveyed by LSEG (formerly Refinitiv) that expected $3.45 per share and revenue of $22.04 billion. exceeded the dollar. Dutch Bros. — Shares fell 6.5% after the coffee chain retailer announced a secondary public offering with certain shareholders. These selling shareholders expect him to sell 8 million shares at $34 per share. LVMH — The French luxury goods company fell his 2%. Fendi’s parent company has announced that Antonio Belloni will step down as Group Managing Director and Executive Chairman of the LVMH Group. Belloni will become president of LVMH Italy in April. Martin Marietta Materials — The construction materials company’s stock fell 1% following a downgrade by JPMorgan. Analyst Adrian Huerta thinks the stock’s valuation appears overvalued after rising 21% year-to-date. Papa John’s International — Shares fell 3.4% a day after Shake Shack announced it would fire Rob Lynch, the pizza chain operator’s chief executive officer. BTIG downgraded Papa John’s from buy to neutral on Friday, citing the lack of seasoned leadership to replace Lynch. BTIG said, “We believe the company may continue to struggle next year.” Tesla — Shares fell 2% after Bloomberg News reported, citing people familiar with the matter, that the electric car maker was cutting production in China. Nvidia — The chip giant soared his 3% on Friday. UBS analyst Timothy Arcuri raised his price target by $300 to $1,100. This also suggests the stock could rise more than 20% from Thursday’s closing price. —CNBC’s Michelle Fox, Alexander Harring and Darla Mercado contributed reporting.
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