Stocks making the biggest moves midday: Hims & Hers Health, Norwegian Cruise Line, Target and more

by | May 20, 2024 | Financial

Check out the companies making headlines in midday trading: Hims & Hers Health — Shares surged more than 30% after the telehealth company introduced access to compounded GLP-1 injections, expanding on the weight loss program it launched in December. Wix.com — The web development company jumped more than 25% after it posted better-than-expected first-quarter results. It also raised its full-year guidance on free cash flow. Norwegian Cruise Line — The cruise line operator jumped more than 8% after Norwegian Cruise Line lifted its full-year earnings guidance. It also reported better-than-expected first-quarter results. Target — The retail stock fell 2.2% after Target said it will cut prices on roughly 5,000 frequently purchased goods to bring back consumers “feeling pressured” by higher prices. Li Auto — The U.S.-listed shares of the Chinese electric vehicle maker tumbled 13% after Li Auto posted first-quarter earnings that came in weaker than expected, as well as softer guidance for current-quarter revenue. Teradyne — Shares rose more than 5% after Goldman Sachs upgraded the semiconductor testing equipment maker to buy. The bank said a cyclical recovery within its system-on-chip design test business could spur future stock outperformance. GameStop — The video game retailer fell more than 11%, giving back some of its sharp gains from last week as the latest meme stock craze faded. Micron Technology — The chip stock moved 3% hig …

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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading: Hims & Hers Health — Shares surged more than 30% after the telehealth company introduced access to compounded GLP-1 injections, expanding on the weight loss program it launched in December. Wix.com — The web development company jumped more than 25% after it posted better-than-expected first-quarter results. It also raised its full-year guidance on free cash flow. Norwegian Cruise Line — The cruise line operator jumped more than 8% after Norwegian Cruise Line lifted its full-year earnings guidance. It also reported better-than-expected first-quarter results. Target — The retail stock fell 2.2% after Target said it will cut prices on roughly 5,000 frequently purchased goods to bring back consumers “feeling pressured” by higher prices. Li Auto — The U.S.-listed shares of the Chinese electric vehicle maker tumbled 13% after Li Auto posted first-quarter earnings that came in weaker than expected, as well as softer guidance for current-quarter revenue. Teradyne — Shares rose more than 5% after Goldman Sachs upgraded the semiconductor testing equipment maker to buy. The bank said a cyclical recovery within its system-on-chip design test business could spur future stock outperformance. GameStop — The video game retailer fell more than 11%, giving back some of its sharp gains from last week as the latest meme stock craze faded. Micron Technology — The chip stock moved 3% hig …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
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