Monday, June 2, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Lennar, Coinbase, Array Technologies and more

by Euro Times
September 20, 2022
in Stock Market
Reading Time: 3 mins read
A A
0
Home Stock Market
Share on FacebookShare on Twitter


A worker at a Lennar home under construction.

Justin Sullivan | Getty Images News | Getty Images

Check out the companies making the biggest moves midday Monday:

D.R. Horton, Lennar, PulteGroup — Homebuilder stocks moved higher on Monday after KeyBanc double upgraded the sector to overweight from underweight. Analyst Kenneth Zener said that homebuilders, which have underperformed this year, tend to rebound sooner and more sharply than the broader market. Shares of Lennar rose about 2%, while D.R. Horton gained over 2%, and PulteGroup jumped nearly 4%.

related investing news

CNBC Pro
Morgan Stanley downgrades payments company NCR, says investors need clarity after split announcement

Array Technologies — The solar stock jumped over 3% after Piper Sandler upgraded Array Technologies to overweight from neutral, saying the company has more upside ahead on an improved forward outlook.

SunOpta — Shares of SunOpta rallied more than 5% after being named a top pick by Cowen. Analyst Brian Holland, who has a buy rating on the stock, wrote in a note that “the company’s agnostic posture and capital execution is affording strong growth sight lines underappreciated by the market.” His $15 price target implies 55.9% upside from Friday’s close.

Opendoor Technologies — Opendoor dropped 6% after a Bloomberg reported the iBuyer lost money on 42% of its August resales. Like others in the housing space, the company faces headwinds including a housing recession and mortgage rates over 6%.

AutoZone — AutoZone shares fell more than 2% as traders pored over a mixed quarterly earnings report. The company’s gross margins of 51.5% were slightly below a StreetAccount estimate of 51.9%. Still, AutoZone earned $40.50 per share in the previous quarter, beating a forecast of $38.51 per share.

NCR — Shares of NCR slid almost 3% after being downgraded to equal-weight from overweight by Morgan Stanley. The firm said the path to unlocking shareholder value is “less clear and longer tailed” after the enterprise payment solutions company said Friday it would separate into two companies.

Wix — Shares of Wix soared 11% after activist investor Starboard Value revealed a 9% stake in the web development platform company. According to Reuters, Starboard has spoken to Wix about how it can improve operations of the company, which has lost half its value this year.

Coinbase — Shares of the cryptocurrency exchange fell more than 7% as the price of bitcoin dipped to its lowest level since June and traders continued unwinding short positions following the completion of the Ethereum merge. Stocks also fell Monday ahead of the Fed decision this week. Crypto prices are largely macro driven, and Coinbase’s revenue relies heavily on trading fees.

Theravance Biopharma — Theravance rallied more than 3% after announcing a $250 million stock buyback program.

Airlines — United Airlines, Alaska Air and American Airlines rose more than 3% and were among the best performers in the S&P 500 on Monday.

Gamco Investors — Shares of the Mario Gabelli-led investment firm plunged almost 12% after announcing after the bell on Friday it was voluntarily delisting from the New York Stock Exchange. Gamco has filed an application for its common stock to be quoted on the OTCQX platform, operated by OTC Markets Group.

Ralph Lauren — The luxury clothing and household goods maker rose almost 2% after an investor update pointed to high single digit sales growth.

—CNBC’s Alexander Harring, Sarah Min, Jesse Pound, Tanaya Macheel and Yun Li contributed reporting.



Source link

Tags: ArrayCoinbaseLennarTechnologies
Previous Post

Long COVID Experts: U.S. Government Needs to Do More

Next Post

Ben Inker, GMO – Dispelling Myths in The Value vs. Growth Debate (The Best Investment Writing Volume 6) – Meb Faber Research

Related Posts

NetApp, Inc. 2025 Q4 – Results – Earnings Call Presentation (NASDAQ:NTAP)

NetApp, Inc. 2025 Q4 – Results – Earnings Call Presentation (NASDAQ:NTAP)

by SA Transcripts
June 2, 2025
0

This fall: 2025-05-29 Earnings AbstractEPS of $1.93 beats by $0.03  | Income of $1.73B (3.84% Y/Y) beats by $10.17MThis text was...

Limbach Holdings Stock: Growth Is Great, But Valuation Is A Concern (NASDAQ:LMB)

Limbach Holdings Stock: Growth Is Great, But Valuation Is A Concern (NASDAQ:LMB)

by David Zanoni
June 2, 2025
0

This text was written byObserveDavid focuses on development & momentum shares which can be moderately priced and prone to outperform...

Gibraltar Industries: Shares Have Fallen Enough To Justify An Upgrade (NASDAQ:ROCK)

Gibraltar Industries: Shares Have Fallen Enough To Justify An Upgrade (NASDAQ:ROCK)

by Daniel Jones
June 1, 2025
0

This text was written byObserveDaniel is an avid and energetic skilled investor. He runs Crude Worth Insights, a value-oriented publication...

Catalyst: Solid Business Model Propels Growth For This Buy And Build Pharma (NASDAQ:CPRX)

Catalyst: Solid Business Model Propels Growth For This Buy And Build Pharma (NASDAQ:CPRX)

by Out of Ignorance
May 31, 2025
0

This text was written byObserveWriting beneath the pseudonym "out of ignorance", I very a lot regard investing as a studying...

Dividend Champion, Contender, And Challenger Highlights: Week Of June 1

Dividend Champion, Contender, And Challenger Highlights: Week Of June 1

by Index Investing News
May 31, 2025
0

This textual content was written by Justin Laws has a Ph.D in Chemistry from Rice Faculty and has earned the...

John Hancock Income Fund Q1 2025 Commentary (JHFIX)

John Hancock Income Fund Q1 2025 Commentary (JHFIX)

by John Hancock Investment Management
May 31, 2025
0

This text was written byObserveAn organization of Manulife Funding Administration, John Hancock Funding Administration serves traders via a singular multimanager...

Next Post
Ben Inker, GMO – Dispelling Myths in The Value vs. Growth Debate (The Best Investment Writing Volume 6) – Meb Faber Research

Ben Inker, GMO – Dispelling Myths in The Value vs. Growth Debate (The Best Investment Writing Volume 6) - Meb Faber Research

UK and world bids final farewell to Queen Elizabeth II at historic funeral

UK and world bids final farewell to Queen Elizabeth II at historic funeral

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Niva Bupa slumps 10% as True North cuts stake

Niva Bupa slumps 10% as True North cuts stake

June 2, 2025
House prices are dropping across London – but people are still having to leave the capital to buy

House prices are dropping across London – but people are still having to leave the capital to buy

June 2, 2025
Megha Vemuri reacts to MIT ban, trolling after pro-Palestine speech: ‘I can handle the attention, positive and negative’

Megha Vemuri reacts to MIT ban, trolling after pro-Palestine speech: ‘I can handle the attention, positive and negative’

June 2, 2025
Panasonic’s 65-inch OLED TV is a great Father’s Day deal at 7

Panasonic’s 65-inch OLED TV is a great Father’s Day deal at $997

June 2, 2025
Costco Wholesale sees 8% net sales increase in Q3 FY25

Costco Wholesale sees 8% net sales increase in Q3 FY25

June 2, 2025
Outrage in Kenya over detention of software developer

Outrage in Kenya over detention of software developer

June 2, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Niva Bupa slumps 10% as True North cuts stake

House prices are dropping across London – but people are still having to leave the capital to buy

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In