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      Today's Morning Movers and Top Ratings: NVDA, LULU, SHOP, CVNA and More

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      Movers and Shakers wrote a column · Jun 6, 2024 13:00
      Morning Movers
      Gapping up
      $Robinhood (HOOD.US)$ The online brokerage rose more than 3% after revealing a $200 million deal to purchase crypto exchange Bitstamp, expected to close in the first half of 2025.
      $NVIDIA (NVDA.US)$ The artificial intelligence company traded 1.8% higher, building on momentum from a previous rally with Goldman Sachs maintaining its buy rating.
      $Lululemon Athletica (LULU.US)$ The athleisure retailer jumped 8.6% after its first-quarter results surpassed analyst expectations.
      $Smartsheet (Delisted) (SMAR.US)$ The workplace technology platform rallied 14% following a stronger-than-expected first-quarter report.
      $Sealed Air (SEE.US)$ The packaging solutions stock added 3% after an upgrade to buy from Mizuho.
      $StoneCo (STNE.US)$ The financial technology stock rose 2.6% following an upgrade to overweight by JPMorgan.
      $eBay (EBAY.US)$ Shares added 1% after being upgraded to buy at Citi.
      $C.H. Robinson Worldwide (CHRW.US)$ The logistics stock traded higher by 1.2% after an upgrade to neutral from UBS.
      $Rubrik (RBRK.US)$ The data management stock climbed 2.9% following an upgrade to outperform by BMO Capital Markets.
      $Carvana (CVNA.US)$ Shares increased 3.6% after Evercore ISI added the company to its tactical outperform list.
      Gapping down
      $Five Below (FIVE.US)$ The discount retailer slid 15.8% on soft current-quarter revenue guidance, expecting between $830 million and $850 million compared to analysts' forecast of $883 million.
      $Sprinklr (CXM.US)$ The business technology stock dove 21.1% after weak guidance for the current quarter and full year, cutting its expected revenue range to between $779 million and $781 million, below the consensus forecast.
      $Shopify (SHOP.US)$ The e-commerce technology stock slipped 1.6% on a MoffettNathanson downgrade to neutral, expecting several "unfavorable" revisions to sales and marketing intensity.
      $Fluence Energy (FLNC.US)$ Shares ticked 1.6% down after a Guggenheim downgrade to neutral, stating shares are now "fairly valued" after a recent run-up.
      Source: CNBC; Investing.com
      US Top Rating Updates on 06/06
      Today's Morning Movers and Top Ratings: NVDA, LULU, SHOP, CVNA 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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