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Today's Morning Movers and Top Ratings | GOLD, SBUX, KEY, MARA and More

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Movers and Shakers wrote a column · Aug 12, 2024 19:44
Morning Movers
Gapping up
$Barrick Gold (GOLD.US)$ reported better-than-expected second quarter earnings and revenue on Friday, sending shares up 2.35% in early trading. The gold mining giant posted adjusted earnings per share of $0.32, surpassing analyst estimates of $0.27. Revenue came in at $3.16 billion, edging past the consensus forecast of $3.14 billion.
Shares of $Starbucks (SBUX.US)$ climbed 2.4% following a report by the Wall Street Journal that activist investor Starboard Value has acquired a stake in the company and is urging it to take measures to enhance its share price.
$Pfizer (PFE.US)$ 's shares increased by 0.3% when the pharmaceutical giant announced that its respiratory syncytial virus vaccine, Abrysvo, elicited a robust immune response in a late-stage study involving adults with compromised immune systems.
$Robinhood (HOOD.US)$ 's stock appreciated 1.4% after brokerage firm Piper Sandler shifted its rating for the trading platform to ‘overweight’ from ‘neutral’, viewing the recent price drop as an opportunity for investment.
$KeyCorp (KEY.US)$ 's shares surged 16.4% due to a minority investment made by The Bank of Nova Scotia, with the transaction valued at approximately $2.8 billion, equating to a 14.9% pro forma stake in KeyCorp's common equity.
Gapping down
$Hawaiian Electric Industries (HE.US)$ 's stock plummeted 10% as the utility company acknowledged "going concern" doubts following its admission last week that it lacked a financing strategy for the nearly $2 billion Maui wildfire settlement reached earlier in the month.
Shares of $MARA Holdings (MARA.US)$ dropped 3.9% after the cryptocurrency mining firm disclosed its intention to initiate a $250 million convertible debt offering.
$Trump Media & Technology (DJT.US)$ 's stock dipped 0.7% with news that Elon Musk is scheduled to interview Donald Trump on the social media platform X, which competes with the former president's Truth Social network.
Source: CNBC; Investing.com
US Top Rating Updates on 08/12
Today's Morning Movers and Top Ratings | GOLD, SBUX, KEY, MARA and More
Source: Dow Jones
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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