A pedestrian wearing a protective mask walks past a Walgreens store in San Francisco, California.
David Paul Morris | Bloomberg | beautiful pictures
Check out the companies that make headlines in midday trading.
Walgreens – The drug store chain dropped about 5% after the company reported quarterly business results. Despite noticing a rhythm in earnings, it did not increase its forecast for the year.
Baidu The tech company’s stock is down about 7%. Baidu has been added to the US Securities and Exchange Commission’s list of traded Chinese stocks that could be delisted if the internet search company fails to disclose financial audits to regulators. United States agent.
AMD – Chip maker lost 7.1% after Barclays downgraded Equivalent weighted shares and reduced price target from $148 to $115. The bank cited “cyclical risk across several end markets,” including PC and gaming as factors. contribute to the downgrade.
Dell Technology and HP – Shares of computer equipment companies fell after Morgan Stanley downgraded Dell for balance and HP for lighter. The bank cited ongoing macro uncertainty and a “cautious hardware outlook” among the reasons for the downgrade. Dell fell 5.4%, while HP fell 5%.
PVH – Shares of parent company Calvin Klein fell 6.4% after Morgan Stanley downgraded Stock to balance weight from overweight. “The stock is expected to remain range-bound in its current range,” the company said.
Amylyx Pharmaceuticals Stocks lost 13.5% after a Food and Drug Administration panel voted not to recommend approval of an experimental ALS drug developed by Amylyx. The panel said the study data did not prove that the drug was effective in combating the disease.
Mysterious Oil – Shares rose about 2% after CEO Vicki Hollub bought 14,191 shares of her company. The following moves Warren Buffett’s Recent Purchase in the energy store works better.
UBS – Bank shares rose 1.2% after Initiated by Goldman Sachs UBS with buy rating. Goldman says the rise of fintech is a positive for the banking industry.
– CNBC’s Tanaya Macheel, Sarah Min and Samantha Subin contributed reporting
