![]() ![]() District Court for the Eastern District of Michigan, alleged that Bernard L. to pay a penalty of nearly $2 million for insider trading in the company’s stock. CNBC’s Yun Li, Alex Harring, Jesse Pound and Sarah Min contributed reporting.The Securities and Exchange Commission today announced a court-approved settlement requiring a Michigan-based former accountant at Domino’s Pizza Inc. Morgan Stanley reinstated the telecommunications stock as a top pick, saying T-Mobile is well-positioned to take advantage of market volatility with a strong buyback program. T-Mobile - T-Mobile popped 3.9% during midday trading. Shares of Patterson-UTI Energy rallied nearly 11% while NexTier Oilfield Solutions gained 4% Patterson-UTI Energy, NexTier Oilfield Solutions - The two companies agreed to merge in an all-stock deal with an enterprise value of $5.4 billion. Mizuho reiterated its underperform rating on the crypto platform in a note to clients. Management also announced a restructuring plan, divesting its non-core education businesses.Ĭoinbase - The stock fell 1% after Mizuho questioned if traders were moving to Robinhood. However, revenue declined, coming in at $526.1 million, compared to $545.7 million last year. The company reported adjusted earnings per share for the fiscal fourth quarter of $1.45, up from $1.08 per share a year ago. John Wiley & Sons - Shares sank about 16% in midday trading. Citi said it has “greater conviction” in the glass maker’s margin recovery potential. The Wall Street firm also boosted its price target to $40 from $36, suggesting upside of more than 20% from Wednesday’s close. The Wall Street firm said it was bullish long term, but believes the stock price has been seeing appreciation much stronger than than experienced in the broader market.ĪutoZone - The stock added 3% after the auto parts retailer authorized the repurchase of an additional $2 billion of the company’s common stock late Wednesday.Ĭorning - Shares gained 2% after being Citi upgraded Corning to buy from neutral. SoFi Technologies - The financial technology stock slid 4.2% following a downgrade by Oppenheimer to perform from outperform. Lennar also hiked its full-year guidance for home deliveries. The company’s earnings were boosted by gains on technology investments, but Lennar still would have beaten expectations excluding that benefit. Analysts were expecting $2.33 in earnings per share on $7.22 billion of revenue, according to FactSet. The company said it generated $3.01 in earnings per share on $8.05 billion in revenue. ![]() ![]() Lennar reported better-than-expected results for the fiscal second quarter on Wednesday evening. Lennar - Shares of the homebuilder rose more than 3% on Thursday. The Wall Street firm said investors should buy the weakness in Target shares, which are down 15% over the past month. Target - Shares of the big-box retailer jumped nearly 3% after Bernstein reiterated its outperform rating on the stock. Kroger also posted revenue that came in slightly below Street expectations: Sales for the first quarter were $45.17 billion, compared to analysts’ forecast of $45.26 billion, according to FactSet. On the company’s earnings call Thursday, Kroger CEO Rodney McMullen said, “The economic environment is more significantly impacting our budget-conscious shoppers.” The company reaffirmed identical sales, without fuel, and adjusted earnings-per-share guidance for the full year. The firm said delivery sales should stabilize further while carry-out sales pick up in the next year. Deutsche Bank also upgraded Allegiant, which was up 1.4% in midday trading.ĭomino’s Pizza - The pizza chain gained 6.2% after Stifel upgraded the stock to a buy from a hold. The Wall Street firm said it believes there will be “significant improvement” in the company’s return on invested capital over the next two to three years. SkyWest - The airline stock gained 5.7% after being upgraded by Deutsche Bank to buy from hold. Cava Group priced its IPO at $22 per share and began trading Thursday at $42 per share. ![]() Check out the companies making the biggest moves midday:Ĭava Group - Shares soared 91% in midday trading during its first day as a public company. ![]()
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