Stocks making the biggest moves midday: Nvidia, Corning, Helen of Troy, UiPath and more

by | Jul 9, 2024 | Financial

Check out the companies making headlines in midday trading: Nvidia — Shares of the artificial intelligence darling popped 1.8% following KeyBanc’s price target hike to $180, which implies about 40% upside from Monday’s close. The firm said demand for Nvidia’s H100 chip “remains robust” even with the imminent launch of Blackwell in the second half of the year. Helen of Troy — The housewares stock plummeted nearly 28%, hitting a new 52-week low during the session. The company posted an earnings miss for its first quarter of fiscal 2025 before the bell, earning 99 cents per share, excluding items. Analysts polled by FactSet were expecting earnings of $1.59 per share. The company also slashed its full-year guidance. UiPath — The software stock fell 7% after the company announced it is planning on reducing about 10% of its global workforce , with most of the reductions expected to occur by the end of the first quarter in fiscal 2026. The company said this is part of a restructuring plan to manage its operating expenses. Jumia Technologies — Shares of the company rose 30%, hitting a new 52-week high after Benchmark initiated coverage on the stock with a buy rating. Its $14 price target implies about 65.5% upside from Monday’s close. The firm thinks the e-commerce platform is at an inflection point, citing a demog …

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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 — Shares of the artificial intelligence darling popped 1.8% following KeyBanc’s price target hike to $180, which implies about 40% upside from Monday’s close. The firm said demand for Nvidia’s H100 chip “remains robust” even with the imminent launch of Blackwell in the second half of the year. Helen of Troy — The housewares stock plummeted nearly 28%, hitting a new 52-week low during the session. The company posted an earnings miss for its first quarter of fiscal 2025 before the bell, earning 99 cents per share, excluding items. Analysts polled by FactSet were expecting earnings of $1.59 per share. The company also slashed its full-year guidance. UiPath — The software stock fell 7% after the company announced it is planning on reducing about 10% of its global workforce , with most of the reductions expected to occur by the end of the first quarter in fiscal 2026. The company said this is part of a restructuring plan to manage its operating expenses. Jumia Technologies — Shares of the company rose 30%, hitting a new 52-week high after Benchmark initiated coverage on the stock with a buy rating. Its $14 price target implies about 65.5% upside from Monday’s close. The firm thinks the e-commerce platform is at an inflection point, citing a demog …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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