Rafael Henrique | LightRakete | Getty Images
Check out the companies that are making the headlines in midday trading.
DoorDash – shares of DoorDash have after Grocery delivery company announced a partnership with Albertsons for same-day grocery deliveries from nearly 2,000 stores. “Thanks to our extensive logistics network and the large selection of fresh food from Albertsons, we are creating a one-stop shop where customers can have all the important things they need delivered to their door within an hour,” says Fuad Hannon, head of the new verticals at DoorDash, according to a press release.
MicroStrategy – The stock of business intelligence company MicroStrategy fell 9.7% after the Bitcoin price has fallen under $ 32,000 for the first time since June 8. The company that already held tens of thousands of bitcoins on its balance sheet, bought 13,005 units of digital currency on Monday morning, bringing its total bitcoin holdings to more than 100,000, valued at more than $ 3 billion.
Coin base – The shares of the largest cryptocurrency exchange in the United States fell 2.9% after Bitcoin’s price fell. Coinbase’s previous business is tightly tied to the price of Bitcoin and Ether, although this may change in the future as it expands.
Nvidia – The semiconductor stock lost 1.1% after Bitcoin fell. The company makes chips that are used in cryptocurrency mining.
Raven Industries Raven Industries’ shares rose 49.3% after the agricultural engineering company announced it would be acquired by CNH Industrial for $ 58.00 per share, or $ 2.1 billion. The selling price per share was 33.6% based on the volume-weighted average share price of Raven Industries over four weeks.
ZipRecruiter – Company shares rose 11.6% Goldman Sachs and Evercore ISI began reporting on the stock with purchase equivalent ratings. “We believe the risk / reward ratio of owning ZIP stock is positive in a favorable environment of employer demand,” said Goldman. The company sees the stock surge to $ 28, which is about 32% above the stock’s closing price on Friday. Evercore has a target price of $ 31 on the stock.
Boston beer Beverage stock rose 1.7% on Monday after Guggenheim named Boston Beer one of its best ideas. The Company said in a note that concerns on the slowdown in retail alcohol sales overshadows the strong growth of the company’s Truly brand.
Paylocity – Paylocity shares rose 2% after Cowen was named a cloud-based payroll and human capital management software company a great idea. The bank described Paylocity as an “attractive” growth investment.
Nike – Nike shares rose 1.3% Telsey repeated his assessment on the sportswear brand as an outperform. The Wall Street firm said Nike is likely to be under “short-term pressures” but the positive momentum continues. Telsey noted that demand for sportswear, shoes, and Nike products was strong in the United States.
over – Uber’s stock fell 3.2% despite a. was called Top pick for the second half of 2021 from Bank of America. The Wall Street firm said several key catalysts are coming for Uber, including potential IPOs in the industry that could transform comps or assets, competitive launches, and the end of US unemployment benefits.
Figs – Feigen shares gained 17% after Credit Suisse and KeyBanc initiated reporting of the medical apparel company with outperform and overweight ratings. “FIGS brings the innovation-hungry and stagnant US health apparel industry with $ 12 billion in sales.
– CNBC’s Tanaya Macheel, Yun Li, Maggie Fitzgerald, Pippa Stevens and Jesse Pound contributed to the coverage
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