During Market hours on Friday – 12.11.2021:

  • The Dow (Symbol: DIA) went up 0.5%. The S&P 500 (Symbol: SPY) jumped 0.75% and the Nasdaq (Symbol: QQQ) rose 1%.
  • Tesla (Symbol: TSLA) — Tesla fell 2.8% after CEO Elon Musk’s trust on Thursday sold another $687 million in shares, regulatory filings made public Friday revealed. Musk and his trust sold roughly $5 billion worth of stock earlier this week.
  • Rivian (Symbol: RIVN) — The newly public electric carmaker’s shares extended their climb Friday, rising 5.6% after rallying more than 22% in the previous session. In the stock’s market debut on Wednesday, it jumped 29%.
  • Lordstown Motors (Symbol: RIDE) — The auto start-up’s shares tumbled about 17.5%. The pre-revenue company reported a loss of 54 cents a share for the third quarter, which is slightly narrower than the estimated loss of 59 cents per share, according to Refinitiv. Lordstown said it plans to produce and deliver its Endurance truck in the third quarter of 2022.
  • WM Technology (Symbol: MAPS) — Shares of the software company dropped 19.6% on Friday after its third-quarter results missed estimates on the top and bottom lines. WM Technology, which serves the cannabis industry, also issued fourth-quarter guidance that came in below expectations. The company said that competition from “non-licensed channels” was hurting its clients.
  • Warby Parker (Symbol: WRBY) — Shares of the eyeglasses maker rose about 9% after reporting quarterly revenue that rose 32% from the same period a year ago. Revenue grew to $137.4 million, and sales were up 45% on a two-year basis.
  • Hewlett Packard (Symbol: HPE) — Shares of Hewlett Packard Enterprise dropped 8.1% after Goldman Sachs downgraded the stock to sell from neutral, citing a weakening IT spending environment in late 2021 and early 2022. The Wall Street firm cut its price target to $14 per share from $16 per share.
  • Blink Charging (Symbol: BLNK) — The electric vehicle charging company saw its shares soar 12.6% after beating Wall Street’s revenue expectations. Blink reported $6.4 million in revenue, trouncing estimates of $4.7 million, according to Refinitiv.
  • Caesars Entertainment (Symbol: CZR) — Shares of the casino stock added 4% in midday trading after B Riley Securities initiated coverage of Caesars Entertainment with a buy rating. The Wall Street firm assigned the stock a $191 per share price target.

During Premarket hours today (Monday – 15.11.2021):

  • Oatly (Symbol: OTLY) – The oat milk producer lost 7 cents per share for its latest quarter, smaller than the 10 cents a share loss anticipated by analysts. Revenue came in below forecasts, however, and its shares tumbled 14.1% in premarket action. Oatly said it faced challenges related to various Covid-related restrictions, but that it continues to scale up production.
  • Dollar Tree (Symbol: DLTR) – Dollar Tree surged 8.3% in the premarket after activist investor Mantle Ridge took a stake in the discount retailer. The Wall Street Journal reports that Mantle Ridge wants Dollar Tree to take action to boost its stock price and is focusing on pricing strategies at the company’s Family Dollar chain. The news prompted Deutsche Bank to upgrade the stock to “buy” from “hold,” citing potential improvements.
  • Tyson Foods (Symbol: TSN) – The beef and poultry producer earned $2.30 per share for its fiscal fourth quarter, 27 cents a share above estimates. Revenue topped Wall Street forecasts as well. Tyson also announced a new productivity program that it says will save $1 billion annually by the end of 2024.

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