Check out the companies making headlines in midday trading. Tesla — Tesla shares slipped less than 1% as Wall Street assessed the company’s long-anticipated Cybertruck following a delivery launch event Thursday in Texas. Disney — Disney shares were virtually flat after the entertainment giant reinstated its dividend at 30 cents per share amid a renewed proxy battle with Nelson Peltz and Trian Fund Management. Alibaba — Alibaba shares fell 2% after Morgan Stanley downgraded the China-based e-commerce company to equal weight, citing a slower-than-expected turnaround in its cloud business. Ulta Beauty — The beauty stock rallied nearly 11% after posting third-quarter results that surpassed analysts’ estimates. Ulta Beauty’s revenue jumped 6% year over year and the company lifted the low end of its full-year outlook. Pfizer — The stock tumbled nearly 4% after Pfizer said it would halt development of its twice-daily experimental weight loss pill after patients reported adverse side effects during a clinical study. The drugmaker said it will still release trial data on its once-a-day version next year. Elastic — Shares of the search engine company surged more than 30% on the back of strong quarterly results and an upgrade to overweight by Wells Fargo. The Wall Street firm upgraded shares to an overweight rating, citing a m …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. Tesla — Tesla shares slipped less than 1% as Wall Street assessed the company’s long-anticipated Cybertruck following a delivery launch event Thursday in Texas. Disney — Disney shares were virtually flat after the entertainment giant reinstated its dividend at 30 cents per share amid a renewed proxy battle with Nelson Peltz and Trian Fund Management. Alibaba — Alibaba shares fell 2% after Morgan Stanley downgraded the China-based e-commerce company to equal weight, citing a slower-than-expected turnaround in its cloud business. Ulta Beauty — The beauty stock rallied nearly 11% after posting third-quarter results that surpassed analysts’ estimates. Ulta Beauty’s revenue jumped 6% year over year and the company lifted the low end of its full-year outlook. Pfizer — The stock tumbled nearly 4% after Pfizer said it would halt development of its twice-daily experimental weight loss pill after patients reported adverse side effects during a clinical study. The drugmaker said it will still release trial data on its once-a-day version next year. Elastic — Shares of the search engine company surged more than 30% on the back of strong quarterly results and an upgrade to overweight by Wells Fargo. The Wall Street firm upgraded shares to an overweight rating, citing a m …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
