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Stocks making the biggest moves midday: FSLR, TSLA, CVS, TD
Check out the companies making headlines in midday trading: First Solar – Solar stock fell 8%, on pace for its worst day since July 15, after Jefferies cut its price target on the stock and said it expects First Solar to report its third-quarter report. He disappoints. Jefferies maintained a buy rating on the stock but said near-term challenges such as an ongoing supply chain and labor shortages should persist through 2025. Solar system maker Enphase Energy fell 4%. Toronto-Dominion Bank – Shares of the Canadian banking company lost 3.8% after the Wall Street Journal, citing sources, reported that TD is expected to pay about $3 billion in fines and place limits on its U.S. business as part of a money laundering settlement. Fees. GXO Logistics – Shares rose more than 14% after Bloomberg reported, citing people familiar with the matter, that the company is exploring a potential sale. According to Bloomberg sources, GXO Logistics is working with financial advisors on the matter, although a final decision has not yet been made. Celsius Holdings – The energy drink maker rose more than 13% thanks to positive comments from several research shops after the conference. “Energy drink trends should accelerate, led by benchmarks, innovation and experience,” Stifel said. [and] “Pricing.” On Wednesday, Piper Sandler said her latest poll of teens showed Celsius as the favorite among the group. prototype combined with advances in driver-assistance features and artificial intelligence capabilities — shares added about 1% after JPMorgan upgraded the insurance giant to overweight from neutral, citing a “more reasonable” consensus earnings per share outlook and valuation.” Improved” after poor performance. CVS Health – Pharmacy chain stock rises 1.8% after Barclays upgrade to overweight from equal weight, company sees compelling margin recovery opportunity for CVS 10x Genomics – Single-cell market leader’s stock price falls more than 25% 10x announced It expects third-quarter revenue to reach $151.7 million, which reflects a roughly 1% decline from the same period last year. The company’s CEO said the company’s 10-fold transformation due to recent changes in its business operations and organization was more disruptive than expected, especially in the Americas. PayPal – The payments platform stock fell 2.9% after Bernstein was downgraded to a market perform rating from outperform. Analyst Harshita Rawat said the upside is uncertain after the recent surge and noted that Venmo may be losing momentum against rivals in the peer-to-peer payments space. — CNBC’s Lisa Hahn, Sean Conlon, Sarah Min, Hakyung Kim and Michelle Fox contributed reporting.
“Web maven. Infuriatingly humble beer geek. Bacon fanatic. Typical creator. Music expert.”
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