Check out the companies that made headlines in intraday trading: Hims & Hers Health — Stocks soared after telemedicine company introduced access to compounded GLP-1 injections and expanded weight loss program launched in December rose by 27.7%. Wix.com — The web development company soared 23.8% after reporting better-than-expected first-quarter results. The company also raised its full-year forecast for free cash flow. Norwegian Cruise Line — The cruise line operator rose 7.6% after Norwegian Cruise Line raised its full-year earnings outlook. The company also reported first-quarter results that exceeded expectations. TARGET — Retail stocks fell 2.1% after Target announced price cuts on about 5,000 frequently purchased items to win back consumers who are “feeling pressure” from rising prices. Li Auto — Chinese electric vehicle maker Li Auto’s U.S.-listed shares tumble after Li Auto reported weaker-than-expected first-quarter profit and softened outlook for this quarter’s earnings. It fell by 12.8%. Teradyne — Shares rose 5.8% after Goldman Sachs upgraded the semiconductor testing equipment maker as an acquisition target. The bank said a cyclical recovery in its system-on-chip design test business could fuel future stock price outperformance. GameStop — The video game retailer soared 4.2% after last week’s volatile trading following a resurgence in meme stock trading. Micron Technology — Chip shares rose 3% after Morgan Stanley upgraded the company from underweight to equal weight. The bank said it overestimated how much last year’s losses would weigh on the stock’s valuation and underestimated the economic and narrative factors of artificial intelligence memory. Hasbro — Shares rose 3.2% as Morgan Stanley called Hasbro a top pick and said recent poor performance gives investors a strong entry point. Johnson Controls — Construction management shares rose 2.3% after Bloomberg News reported that Elliott Management acquired more than $1 billion in stock. Elliott is known for his track record as an activist hedge fund. Nvidia — NVIDIA stock rose 2.5% after many analysts raised their price targets for the company ahead of quarterly results later in the week. Microsoft, Dell Technologies — Microsoft rose 1.2% ahead of the Build developer conference starting Tuesday. Dell Technologies stock fell 2.7% after the company held its own developer event. NextDecade — Shares rose 14.8% after the UAE’s national oil company announced it had secured an 11.7% stake in NextDecade’s Rio Grande liquefied natural gas (LNG) export project. NuScale Power — Nuclear power stocks rose his 14.9%. Uranium stocks have been rising recently after President Joe Biden signed a bill banning imports of Russian uranium for use in nuclear fuel. Year-to-date, NuScale is up more than 100% on his. —CNBC’s Michelle Fox, Lisa Kai-Lai Hung, Alex Harring and Samantha Subin contributed reporting.
HIMS, NCLH, TGT etc.
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