Stocks making the biggest moves midday: 3M, Paccar, Bed Bath & Beyond, AMD and more
Publishing timestamp: 2023-01-24 13:38:51
Summary
This article discusses the performance of several public companies, including Lyft, Bed Bath & Beyond, Paccar, Advanced Micro Devices, 3M, Synchrony Financial, Union Pacific, Lululemon, Raytheon Technologies, and Zions Bancorp. Keybanc upgraded Lyft's stock, while Bed Bath & Beyond's stock gained due to traders piling into the heavily shorted name. Paccar reported fourth-quarter results, posting profit of $2.64 per share and $8.13 billion in revenue. Advanced Micro Devices' stock slid after Bernstein downgraded the semiconductor maker. 3M cut 2500 manufacturing jobs amid demand slowdown and reported lower earnings. Synchrony Financial's stock rose after an analyst at JMP reiterated the market outperform rating for the company. Union Pacific's earnings fell short of analysts' expectations, while Lululemon's stock slid after Bernstein downgraded the apparel company. Raytheon posted fourth quarter results that beat analysts' expectations, and Zions Bancorp posted per-share earnings that beat analysts' expectations.
Sentiment: MIXED
Tickers: AMD, SYF, LYFT, LULU, ZION, BBBY, UNP, MMM, RTX, PCAR,
Keywords: economy, union pacific corp, business news, raytheon technologies corp, 3m co, bed bath & beyond inc, zions bancorporation na, markets, market insider, lululemon athletica inc, lyft inc, paccar inc, stock markets, synchrony financial, advanced micro devices inc,