Today's Morning Movers and Top Ratings: AAPL, M, DASH, LYFT and More
Morning Movers
Gapping up
$Super Micro Computer (SMCI.US)$ and $Deckers Outdoor (DECK.US)$ shares jumped 12% and 5%, respectively, after S&P Dow Jones Indices said Friday the two companies would be added to the S&P 500 later this month.
$DoorDash (DASH.US)$ stock rose by 2.8% following an upgrade by RBC from 'sector perform' to 'outperform'. The upgrade was based on DoorDash's prospects for forming new partnerships, notably with Lyft, according to RBC.
$Lyft Inc (LYFT.US)$ shares surged by 6% after RBC upgraded the company to 'outperform'. The bank highlighted its belief in Lyft's 2024 EBITDA projections, the potential for expansion into food delivery, and Lyft's strong position within a "stable duopoly" as key reasons for the upgrade.
$Macy's (M.US)$ shares surged almost 17% following Arkhouse Management's increased takeover bid for the retail chain, raising the offer to $24 per share from $21, valuing the company at approximately $6.6 billion.
Gapping down
$Li Auto (LI.US)$ shares dropped nearly 7%, trimming the gains from the previous week. The company had surged 25% last week following an earnings report that exceeded expectations.
$Apple (AAPL.US)$ stock fell over 1% following a $1.95 billion fine from the European Commission, which concluded that Apple had abused its dominant market position by favoring its own music streaming apps over those of competitors, resulting in an antitrust violation.
Source: CNBC; Investing.com
US Top Rating Updates on 03/04
Source: Dow Jones
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flower92 : will apple go up, or I should sell. im losing money [Cry]
DavidCCL flower92 : If you don't need the money, just keep it for long term. Is normal that share price drop.
TechTrader flower92 : It will definitely go up. But it may take more time than you expected. That is not a reason to sell it at a loss. If you trade like that you could lose all your money.