Stocks making the biggest moves midday: Micron, Paramount, McCormick and more
Publishing timestamp: 2023-03-28 16:05:32
Summary
Several companies saw movement in their stock prices during midday trading on Tuesday. PagSeguro and Stone both saw gains after being upgraded by Citi, while Affirm lost ground after Apple announced a competing service. Occidental Petroleum jumped after Warren Buffett's Berkshire Hathaway purchased additional shares, and TD Cowen upgraded the stock. Micron Technology dropped ahead of its earnings report, while PVH soared after beating earnings estimates and providing strong guidance. Paramount gained after a rating upgrade from Bank of America, and McCormick & Company saw a significant increase in its stock price after reporting better-than-expected earnings. Alibaba also saw a significant increase in its stock price after announcing plans to split into six separate business groups. Ciena gained after an upgrade from Raymond James, and Walgreens Boots Alliance rose after reporting an increase in revenue despite a decline in demand for Covid tests and vaccines. Carnival Corp also saw a rise in its stock price after an upgrade from Wells Fargo.
Sentiment: MIXED
Tickers: STNE, PARA, PVH, MKC, RJF, AAPL, AFRM, WFC, BABA, BRK.A, PAGS, MU, WBA, CIEN, CCL, OXY,
Keywords: affirm holdings inc, stock markets, apple inc, pagseguro digital ltd, mccormick & company inc, stoneco ltd, berkshire hathaway inc, wells fargo & co, ciena corp, occidental petroleum corp, warren buffett, breaking news: markets, business news, markets, carnival corp, walgreens boots alliance inc, micron technology inc, market insider, alibaba group holding ltd, raymond james financial inc, pvh corp, paramount global,
Source: https://www.cnbc.com/2023/03/28/stocks-making-the-biggest-moves-midday-mu-para-mkc-and-more.html