Business

Clover, Stitch Fix, Biogen, etc.

A skateboarder in front of Biogen’s headquarters in Cambridge, Massachusetts, on Monday, June 7, 2021.

Adam Grantsman | Bloomberg | Getty Images

Stitch correction — Stitch Fix share increased by 12% after online styling service Report higher-than-expected financial resultsAccording to Refinitiv, the company posted a loss of 18 cents per share, narrower than analysts’ forecast of 27 cents per share. Stitch Fix also reported revenue of $ 535.6 million. Analysts predicted revenue of $ 511 million.

Clover health — Clover Health Share 100% jumped up Finally, Reddit’s WallStreetBets forum retail trader joined a Medicare insurance startup published via Chamath Palihapitiya’s SPAC, trading at a high of 76%. According to QuiverQuant, Clover has become the most famous name in chat rooms. According to FactSet, Clover has already traded more than 400 million shares, resulting in an explosive increase in trading volume among retail enthusiasts.Speculative trading activity was also seen Wendy’s Stock prices have risen about 22%.

Biogen — Pharmaceutical stock prices rose about 1% after rising 38% on Monday. Approval Biogen’s Alzheimer’s disease treatment, known as Aduhelm.Cowen Inventory has been upgraded He said on Tuesday that he outperformed the market and that stock prices were rising even if only a few Alzheimer’s patients used the drug.

Marvell Technology — Semiconductor stocks rose more than 4% after Marvel exceeded top-line and bottom-line expectations in the Q1 report. The report was praised on Wall Street, with investment firm Stifel repeatedly buying and rating, and JP Morgan reporting again with an overweight rating.

Generac Holdings — Power company stocks rose about 7% after KeyBanc raised shares from sector weights to overweights. The company noted that concerns about grid stability would increase demand for home generators.

Cooper software — According to Refinitiv, the software giant’s share price fell by more than 6%, surpassing analysts’ expectations of a loss of 19 cents per share, despite reporting a quarterly profit of 7 cents per share. It was. Coupa’s $ 166.9 million revenue also exceeds the $ 152.6 million estimate.

Contango oil & gas — After agreeing to merge all-stocks with KKR’s Independence Energy business, energy producers’ stocks fell by nearly 4%. The initial market capitalization of the merged company will be approximately $ 4.8 billion.

Vail resorts — The resort operator’s share price fell more than 3% in noon trading, despite reporting a quarterly profit of $ 6.72 per share, 18 cents above Wall Street’s forecast. The company said it cut Season Pass sales prices by 20%, increasing sales by 50% and 33%, respectively, compared to pre-pandemic results.

Chico’s — Apparel retailers’ stock prices rose about 6% in noon trading after reporting quarterly results that exceeded Wall Street analysts’ expectations. The company also said it has taken steps to improve its performance and shareholder value in response to a letter from talkative investor Barington Capital.

— CNBC’s Maggie Fitzgerald, Hannah Miao, Jesse Pound and Yun Lee contribute to the report

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Clover, Stitch Fix, Biogen, etc.

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