Today's Morning Movers and Top Ratings: RIVN, MU, NYCB, SHAK and More

Movers and Shakers wrote a column · Mar 7, 2024 21:14

Morning Movers

Gapping up

$OneSpan (OSPN.US)$ stock increased by 28% following the cybersecurity company's announcement of quarterly earnings that surpassed consensus expectations.

$NOVO NORDISK A/S (NONOF.US)$ shares climbed 5.5% after the company released promising data on its experimental obesity drug, indicating it may be more effective than its successful Wegovy treatment.

$Rivian Automotive (RIVN.US)$ The stock appreciated by 2.7% after Jefferies initiated coverage of the electric vehicle maker with a buy rating, highlighting its capital expenditure path that could potentially close gaps in the business model if managed well.

$Burlington Stores (BURL.US)$ shares went up by 3% as the department store chain reported fourth-quarter earnings that exceeded analyst predictions, in spite of expressing some concerns about the near-term business climate.

Gapping down

$Victoria's Secret (VSCO.US)$ stock plummeted by 30% after the lingerie retailer reported weak sales forecasts, influenced by diminishing demand for apparel.

$New York Community Bancorp (NYCB.US)$ shares edged down 0.6% following the regional bank's report on Thursday revealing a roughly 7% decrease in deposits since February 5, although it also secured $1 billion from a consortium of investors.

$Nordstrom (JWN.US)$ The stock dipped by 1% after Jefferies downgraded the department store from buy to hold, citing persistently disappointing full-price sales.

$Big Lots (BIG.US)$ shares receded by 1% after the discount retailer reported a fiscal fourth-quarter loss wider than anticipated, despite providing a positive gross margin forecast.

Source: CNBC; Investing.com

US Top Rating Updates on 03/07

Today's Morning Movers and Top Ratings: RIVN, MU, NYCB, SHAK and More

Source: Dow Jones

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RAStoks_Tradesman : Hopefully people of New York are smart and get their savings out of there instead of waiting until it’s too late a year from now, (let alone leaving new zooYork all together) HellLA and ZooYork = what lovely pees $New York Community Bancorp (NYCB.US)$

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