World wrestling, mattress tub, costco
Shoppers queue outside a Costco to buy supplies after the Hawaii Department of Health on Wednesday advised residents to stock up on a 14-day supply of food, water and other necessities for the potential risks of the novel coronavirus in Honolulu, Hawaii , USA, to stock up February 28th, 2020.
Courtesy of Duane Tanouye via REUTERS
Check out the companies making headlines in midday trading.
World Wrestling Entertainment — Wrestling entertainment stock rose nearly 17% after WWE announced that founder Vince McMahon was returning to its board and that the company was reviewing strategic moves. McMahon resigned as CEO last year following a sexual misconduct investigation but remained the controlling shareholder. The Wall Street Journal reported that McMahon is returning to pursue a potential sale of the company.
R1 RCM — Shares of the health technology company rose 10.2% after the company raised its revenue guidance for 2023. The company also confirmed its full-year 2022 guidance.
Costco Wholesale — Shares of the big retailer rose about 7.3% after it reported solid December sales. Costco reported net sales of $23.8 billion in December 2022, up 7% year over year. Evercore ISI also added Costco to its fab five list, declaring it a defensive star.
first sun — First Solar shares rose 7.8% after Wells Fargo upgraded it to an overweight position as the energy crisis in Europe and the US anti-inflation law would boost demand for solar power.
bed bath beyond — Shares plunged about 22.5% after the retailer warned it was running out of money and was considering bankruptcy. That prompted KeyBanc to cut its price target by 95% to 10 cents from $2 a share.
Tesla — Tesla shares are up nearly 2.5% after falling to their lowest levels in about two years earlier in the day. Tesla cut prices for its Model 3 and Model Y vehicles in Asia.
Silvergate Capital — Shares of the crypto-focused bank fell 2.6%, contributing to its 42% loss from the previous day. JPMorgan downgraded SI to neutral from overweight, citing Silvergate’s worse-than-expected cash outflows and questioning the company’s long-term viability.
Greenbrier company — Shares fell 17.9% after the railcar maker’s latest quarterly results missed analysts’ estimates, though earnings beat expectations, according to consensus estimates on FactSet. CEO Lorie Tekorius said higher costs for outsourced parts and material shortages are eating into manufacturing margins.
Agilent Technologies — Shares fell 2.9%. Agilent said Thursday it will work with Akoya Biosciences to develop tissue analysis solutions. Akoya shares rose 9.5%.
MGM Resorts International – Shares rose 5.8% after Stifel upgraded hospitality stock to buy from hold and said it would benefit from a strong recovery in Las Vegas.
Voya Financial — The financials stock rose 4.7% after JPMorgan was upgraded from neutral to overweight. The company cited Voya’s lower-risk business, ability to generate capital and valuation as pluses.
doximity – Shares fell 4.7% after Morgan Stanley downgraded the online networking service for medical professionals from equal weight to underweight, and said there could be a further slowdown in growth in the healthcare digital advertising space in the coming year, according to FactSet’s StreetAccount will give.
– CNBC’s Michelle Fox, Alex Harring, Yun Li, Tanaya Macheel, Jesse Pound and Samantha Subin contributed coverage.