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Check out the companies that are trending in intraday trading. EchoStar — EchoStar announced a corporate restructuring one week after completing its merger with Dish Network. Those include him retaining Houlihan Lokey as a financial advisor to help evaluate “potential strategic alternatives,” which could potentially lead to his future deal with EchoStar Wireless. The Hollywood Reporter reported that it is hinting that. Echostar stock rose 36%. WD-40 — The lubricant and degreaser maker soared 15% after WD-40 reported first-quarter revenue of $140.4 million, up from $124.8 million a year earlier. 13% increase from the dollar. The company also reaffirmed its earnings per share and earnings outlook for the full year ending August 2024. GoodRx — GoodRx stock soared 13% after the healthcare company announced fourth-quarter revenue guidance of $195 million to $197 million, above the previous estimate of $188 million. $194 million, while the FactSet consensus estimate is $190.8 million. PriceSmart — Shares rose 5% after PriceSmart reported first-quarter results. The U.S. company, which operates membership warehouse clubs, reported earnings of $1.24 per share, compared with earnings of $1.12 a year earlier. Revenue was $1.17 billion, an 11% increase over his $1.05 billion the previous year. Intuitive Surgical — Shares soared nearly 6% after the company, which makes robotic surgical equipment, preliminary reported fourth-quarter earnings that beat expectations after the market closed on Tuesday. Intuitive Surgical expects revenue of $1.93 billion for the quarter, beating the $1.87 billion expected by analysts surveyed by StreetAccount. Lennar — The homebuilder’s stock rose more than 2% after Lennar increased its annual dividend to $2 a share from the previous $1.50. Mr. Renner also said he plans to buy back an additional $5 billion in his company’s stock. Howmett Aerospace — Shares rose 2.7% after his two positive calls from Wall Street. Mr. Bernstein called the company’s stock one of the top stocks in the U.S. aerospace sector and said the price increase will help the company. Meanwhile, Trust upgraded Howmett to Hold, calling it one of its top quality picks for commercial aerospace original equipment manufacturers. Hewlett Packard Enterprise, Juniper Networks — The company’s stock rose 1% after Hewlett Packard Enterprise announced it would acquire Juniper Networks for approximately $14 billion, or $40 per share, in an all-cash deal. Juniper rose 1.9% after gaining about 22% in Tuesday trading. Amazon — Amazon shares rose 1.3% after the online retailer laid off hundreds of employees across its Prime Video and MGM Studios divisions. Gilead Sciences — Gilead Sciences shares soar after a California appellate court rules that the company could face negligence claims for delays in developing new HIV drugs. It fell by 2.3%. Chewy — Shares of the pet products company fell more than 4% after announcing a bulk sale of 12.3 million shares through Morgan Stanley. The company resells its shares at prices ranging from $20.45 to $20.85 per share. Aehr Test Systems — Shares soared after Aehr Test Systems announced its full-year 2024 revenue outlook of $75 million to $85 million, below the previous estimate of at least $100 million. His fell by 15%. Salesforce — Stock rises 0.7% after Fortune report Citing an internal message, Salesforce announced it is pausing all hiring in its technology and product divisions, including its workspace chat subsidiary Slack. TG Therapeutics — The biopharmaceutical stock was down 16.5% at midday. TG provided preliminary net revenue for the company’s multiple sclerosis treatment, telling investors it expects approximately $40 million in the fourth quarter of 2023 and approximately $89 million for the full year. . The company offered a range of $41 million to $46 million in net treatment revenue for the first quarter of 2024, while a range of $220 million to $260 million for the full year. — CNBC’s Michelle Fox, Alex Harring, Ha-Kyung Kim, Jesse Pound, Scott Schnipper and Samantha Subin contributed reporting.
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