After-Hours Stock Movers 12/09: (AI) (ORCL) (AVGO) Higher; (AOUT) (CHWY) (LULU) Lower (more...)
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- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
UPDATE: Chewy Inc. (CHWY) PT Lowered to $70 at Piper Sandler on Declining Margins in 2020 Due to Inflationary Headwinds
December 10, 2021 2:09 PM EST(Updated - December 13, 2021 6:57 AM EST)
Piper Sandler analyst Peter Keith lowered the price target on Chewy Inc. (NYSE: CHWY) to $70.00 (from $100.00) while maintaining an Overweight rating following results.
The analyst comments "We maintain our OW rating and lower our PT... More
Crown Holdings (CCK) Trades Up 3.5% on $3B Buyback Plan
December 10, 2021 11:37 AM ESTCrown Holdings (NYSE: CCK) shares are trading up 3.5% following its announced $3 billion buyback plan, which represents 23% of the market cap.
... MoreBroadcom (AVGO) trading up 9% following strong earnings, guidance, and buyback news
December 10, 2021 9:50 AM ESTBroadcom (NASDAQ: AVGO) is trading up 9% following strong earnings, guidance, and buyback news.
... MoreBroadcom Limited (AVGO) PT Raised to $720 at Jefferies
December 10, 2021 8:56 AM ESTJefferies analyst Mark Lipacis raised the price target on Broadcom Limited (NASDAQ: AVGO) to $720.00 (from $590.00) while maintaining a Buy rating.
The analyst commented, "AVGO beat and raised on 17% YY growth in Semis and guided Jan-22Q Networking and Storage Revs up 30% YY.... More
