Check out the companies making headlines in midday trading. Deckers Outdoor — Shares lost 6.9% after Truist downgraded the footwear company to hold over concerns that demand for core products is declining, noting softened direct-to-consumer trends for Hoka in February. Cava — Shares jumped 4.4% after Argus upgraded the Mediterranean food chain to buy from hold, saying investors should buy the dip. Cava has a “long runway to growth,” the firm said. Shares are up 44% year to date, but they have dropped 11% this month. Nvidia — Shares rose 1.7% as the “Magnificent Seven” leader tried to claw its way out of correction territory . The stock is 11% below a record highs reached earlier this year. Vital Farms — William Blair initiated Vital at outperform, leading shares 2.4% higher. The consumer brand is “well positioned in the large and growing U.S. clean label food industry,” the firm said. Block — Shares of the payment company dropped 2.3%. The move came as Treasury yields rose on the back of hotter-than-expected inflation data. It overshadowed Mizuho upping its price target on shares to $106. Zillow Group — The stock slipped 5.1% even after Jefferies named the online housing website company a new top idea at the firm. Shares have fallen more than 21% over the past month since the National Association of Realtors announced a settlement to p …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. Deckers Outdoor — Shares lost 6.9% after Truist downgraded the footwear company to hold over concerns that demand for core products is declining, noting softened direct-to-consumer trends for Hoka in February. Cava — Shares jumped 4.4% after Argus upgraded the Mediterranean food chain to buy from hold, saying investors should buy the dip. Cava has a “long runway to growth,” the firm said. Shares are up 44% year to date, but they have dropped 11% this month. Nvidia — Shares rose 1.7% as the “Magnificent Seven” leader tried to claw its way out of correction territory . The stock is 11% below a record highs reached earlier this year. Vital Farms — William Blair initiated Vital at outperform, leading shares 2.4% higher. The consumer brand is “well positioned in the large and growing U.S. clean label food industry,” the firm said. Block — Shares of the payment company dropped 2.3%. The move came as Treasury yields rose on the back of hotter-than-expected inflation data. It overshadowed Mizuho upping its price target on shares to $106. Zillow Group — The stock slipped 5.1% even after Jefferies named the online housing website company a new top idea at the firm. Shares have fallen more than 21% over the past month since the National Association of Realtors announced a settlement to p …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
