Today's Morning Movers and Top Ratings: PARA, CRWD, LEN, PYPL and More
Morning Movers
Gapping up
$Paramount Global-B(PARA.US$ 's stock increased by 3.85% following a report from the New York Times that billionaire Barry Diller is considering a takeover bid for the company after the studio he used to lead withdrew from a merger with Skydance Media.
$PayPal(PYPL.US$ shares rose by 1.39% after Susquehanna raised its rating from Neutral to Positive.
Gapping down
$Tesla(TSLA.US$ 's stock declined by 1.64% as the electric vehicle manufacturer's June sales in China dropped 24.2% compared to the previous year, according to the China Passenger Car Association.
$Boeing(BA.US$ 's stock saw a decrease of 0.35% after reports by the Associated Press that the U.S. Justice Department is anticipating the company's acceptance of a plea deal to resolve felony fraud charges associated with two deadly crashes of its 737 Max airplanes.
$Carnival(CCL.US$ 's stock went down by 1.02%, and Norwegian Cruise Line's shares fell by 1.2% amid concerns that Hurricane Beryl's progression through the Caribbean could disrupt cruise operations.
$Polestar Automotive(PSNY.US$ experienced a 5% drop in stock value after announcing a first-quarter operating loss and the necessity to counteract significant EU and U.S. import tariffs on its electric cars manufactured in China.
$Pure Storage(PSTG.US$ 's stock declined by 5% after UBS downgraded the data storage company to "sell" from "neutral" due to worries about decelerating growth, market share losses, and an overpriced stock value.
$CrowdStrike(CRWD.US$ 's stock decreased by 2.36% after Piper Sandler changed its rating on the cybersecurity company to "neutral" from "overweight," mentioning valuation concerns and a less "favorable" risk/reward balance.
$Incyte(INCY.US$ 's stock fell by 3.3% after BMO Capital Markets downgraded the pharmaceutical company to "underperform" from "market perform." The downgrade was based on projections of challenged revenue from its leading eczema cream, Opzelura.
$D.R. Horton(DHI.US$ $Lennar Corp(LEN.US$ The stocks of home construction companies D.R. Horton and Lennar Corporation both dropped over 2% following a downgrade to neutral from Citi. Analyst Anthony Pettinari commented that the risk and reward for the second half of the year are seen as roughly balanced, leading to a neutral stance.
Source: CNBC; Investing.com
US Top Rating Updates on 07/02
![Today's Morning Movers and Top Ratings: PARA, CRWD, LEN, PYPL and More](https://ussnsimg.moomoo.com/sns_client_feed/77777018/20240702/87ee0ddee3f640899655792758485652.jpg?area=100&is_public=true)
Source: Dow Jones
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Ivo Stoyanov : ..
raz1 : how do iset my chart to see gaps