Check out the companies making headlines in midday trading. Nvidia — The chipmaker climbed 4% and reached an all-time high after Goldman Sachs increased its price target to $800 per share from $625. Catalent , Novo Nordisk — The contract drug manufacturer climbed about 10% on the back of an agreement to get taken over by Novo Holdings. The all-cash deal, which is slated to close in late 2024, offers $63.50 per share. Novo Nordisk stock added more than 3%. McDonald’s — Shares fell 4% after the fast-food chain reported a revenue miss in the prior quarter. McDonald’s posted adjusted earnings of $2.95 per share on $6.41 billion in revenue. Analysts had expected earnings of $2.82 per share and $6.45 billion in revenue, according to LSEG, formerly known as Refinitiv. Management cited the Middle East conflict for the fall in revenue. Snap — The social media stock slid more than 3% after Snap on Monday said it would lay off 10% of its workforce, or about 500 employees. Eli Lilly — The pharmaceutical company gained nearly 5% ahead of quarterly results due Tuesday. Analysts polled by FactSet forecast earnings of $2.30 per share on $8.9 billion in revenue for the fourth quarter. Data from the U.S. Food and Drug Administration’s website is also showing a shortage of the company’s antidiabetic treatm …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. Nvidia — The chipmaker climbed 4% and reached an all-time high after Goldman Sachs increased its price target to $800 per share from $625. Catalent , Novo Nordisk — The contract drug manufacturer climbed about 10% on the back of an agreement to get taken over by Novo Holdings. The all-cash deal, which is slated to close in late 2024, offers $63.50 per share. Novo Nordisk stock added more than 3%. McDonald’s — Shares fell 4% after the fast-food chain reported a revenue miss in the prior quarter. McDonald’s posted adjusted earnings of $2.95 per share on $6.41 billion in revenue. Analysts had expected earnings of $2.82 per share and $6.45 billion in revenue, according to LSEG, formerly known as Refinitiv. Management cited the Middle East conflict for the fall in revenue. Snap — The social media stock slid more than 3% after Snap on Monday said it would lay off 10% of its workforce, or about 500 employees. Eli Lilly — The pharmaceutical company gained nearly 5% ahead of quarterly results due Tuesday. Analysts polled by FactSet forecast earnings of $2.30 per share on $8.9 billion in revenue for the fourth quarter. Data from the U.S. Food and Drug Administration’s website is also showing a shortage of the company’s antidiabetic treatm …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
