Check out the companies making headlines in midday trading. Lululemon — Shares declined 2% after Wells Fargo downgraded the athleisure company to equal weight from overweight. The firm said Lululemon’s prior positive catalysts have already played out, and it forecasts more muted growth in 2024. Coinbase , MicroStrategy , Marathon Digital — Shares of Coinbase and MicroStrategy gained 6.6% and 7.5% as bitcoin advanced, passing the $41,000 mark to notch a 19-month high. Marathon Digital and Riot Platforms popped nearly 8% each. Spotify — Shares added 8.8% after the music streaming company announced it would lay off 17% of its workforce. The cuts amount to around 1,500 jobs, according to a source familiar. Uber Technologies — Shares of Uber Technologies jumped about 5.4% and traded at 52-week highs after the S & P Dow Jones Indices announced Friday that the ride-sharing company will join the S & P 500, in addition to Jabil and Builders FirstSource. The three stocks will replace Sealed Air , Alaska Air Group and SolarEdge Technologies . Shares of Jabil and Builders FirstSource slipped less than 1% each. Virgin Galactic — Shares of the space company plunged nearly 15%. In an interview with the Financial Times published Sunday, British billionaire Richard Branson ruled out further investment in the space travel company. Branson said his business empire no longer has “the deepest pockets” in the wake …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. Lululemon — Shares declined 2% after Wells Fargo downgraded the athleisure company to equal weight from overweight. The firm said Lululemon’s prior positive catalysts have already played out, and it forecasts more muted growth in 2024. Coinbase , MicroStrategy , Marathon Digital — Shares of Coinbase and MicroStrategy gained 6.6% and 7.5% as bitcoin advanced, passing the $41,000 mark to notch a 19-month high. Marathon Digital and Riot Platforms popped nearly 8% each. Spotify — Shares added 8.8% after the music streaming company announced it would lay off 17% of its workforce. The cuts amount to around 1,500 jobs, according to a source familiar. Uber Technologies — Shares of Uber Technologies jumped about 5.4% and traded at 52-week highs after the S & P Dow Jones Indices announced Friday that the ride-sharing company will join the S & P 500, in addition to Jabil and Builders FirstSource. The three stocks will replace Sealed Air , Alaska Air Group and SolarEdge Technologies . Shares of Jabil and Builders FirstSource slipped less than 1% each. Virgin Galactic — Shares of the space company plunged nearly 15%. In an interview with the Financial Times published Sunday, British billionaire Richard Branson ruled out further investment in the space travel company. Branson said his business empire no longer has “the deepest pockets” in the wake …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
