Midday movers: RH, Estee Lauder rise; Tesla falls
Investing.com -- Main U.S. indexes traded largely unchanged Thursday, with investors cautious ahead of key growth and inflation data as well as a long weekend.
Here are some of the biggest U.S. stock movers today:
Walgreens Boots (NASDAQ: WBA) stock rose 0.5% after the pharmacy chain reported fiscal second-quarter sales that beat expectations, but lowered the high end of its full-year adjusted earnings outlook in part due to a “challenging” U.S. retail environment, while taking a $5.8-billion impairment related to its VillageMD business.
RH (NYSE: RH) stock rose 16% after the home furnishing company reported "exceptional" demand for its new catalog of products, even after its fourth-quarter results missed expectations, as adverse weather and shipping delays weighed.
Take-Two Interactive Software (NASDAQ: TTWO) stock rose 1.4% after the video games developer agreed to buy U.S. game developer Gearbox Entertainment for $460 million.
Home Depot (NYSE: HD) stock fell 1.1% after the home improvement retailer announced plans to buy building materials supplier SRS Distribution in a $18.25 billion deal, bolstering its business among professional customers.
Estee Lauder (NYSE: EL) stock rose 5.6% after it was upgraded at to ‘buy’ by analysts at BofA on expectations of a recovery in profits.
Jefferies Financial Group (NYSE: JEF) stock fell 4% after the financial services company’s first-quarter profit missed expectations, after it lost money on an investment in hedge fund Weiss Multi-Strategy Advisers.
Johnson & Johnson (NYSE: JNJ) stock rose 0.5% after a federal judge ruled that the consumer goods giant will get a new chance to contest the scientific evidence linking talc to ovarian cancer, potentially disrupting more than 53,000 lawsuits the company is now facing over its talc products.
Robinhood (NASDAQ: HOOD) stock rose 0.25%, adding to the previous session’s two-year high after the financial technology firm launched a credit card, expanding its product offerings.
Tesla (NASDAQ: TSLA) declined 1.6% amid cation ahead of the release of first quarter delivery figures. The update is expected to be released early next week.
Microstrategy (NASDAQ: MSTR) declined 13% after it was mentioned cautiously by short seller Kerrisdale Capital.
Palantir Technologies (NYSE: PLTR) declined 4% after it was downgraded to ‘sell’ by analysts at Monness, Crespi, Hardt.
Additional reporting by Louis Juricic