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Tag: Toro Co

  • Stocks making the biggest moves midday: Mission Produce, Nutanix, Alphabet, Tesla and more

    Stocks making the biggest moves midday: Mission Produce, Nutanix, Alphabet, Tesla and more

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    A Tesla service and sales center is shown in Vista, California, June 3, 2022.

    Mike Blake | Reuters

    Check out the companies making headlines in midday trading Friday.

    Energy — Energy stocks outperformed on the S&P 500 following a rise in oil prices, which jumped Friday on expectations of a drop in Russian crude supply. Shares of Halliburton, Devon Energy, Chevron and Marathon Oil rose by more than 2% each.

    Alphabet — The tech stock gained more than 1% after The National Football League said Thursday that its “Sunday Ticket” subscription package will go to subsidiary YouTube starting next season.

    Biogen — The biotech stock declined fell slightly after Biogen’s Japanese partner, Eisai, said a third person has died during a trial of their experimental Alzheimer’s treatment, confirming Reuters reports.

    Carnival, Norwegian Cruise Line — Cruise line operators declined as fears of a recession weighed on consumer discretionary stocks, which was one of three worst-performing sectors in the S&P 500. Shares of Carnival were down more than 4%, while Norwegian Cruise Line was down more than 2%.

    Tesla — Shares of the electric vehicle maker declined 2% after CEO Elon Musk said that he would hold off on selling any more Tesla stock for the next 18 to 24 months. Over the past year, Musk sold roughly $39 billion in shares.

    3M Company — 3M shed 1.6% after a U.S. judge barred the company from shifting liability to a subsidiary for injuries suffered by military members from allegedly defective earplugs. The judge said 3M deserved the “harshest penalty” for its “bad faith” attempts to transfer liability, Reuters reported.

    Nutanix — Shares of Nutanix fell more than 5% after Dealreporter reported that Hewlett Packard Enterprise has halted talks to acquire the cloud computing company. Hewlett Packard confirmed in a statement to CNBC that “there are currently no discussions with Nutanix.”

    Mission Produce — Shares of the avocado producer dropped more than 14% after the company reported financial results for its most recent quarter. It posted lower-than-expected profit and revenue as the rise in volume was not enough to offset a plunge in the prices of avocados.

    — CNBC’s Tanaya Macheel and Michelle Fox contributed reporting.

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  • Stocks making the biggest moves premarket: Tesla, Nutanix, Meta and more

    Stocks making the biggest moves premarket: Tesla, Nutanix, Meta and more

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    Check out the companies making headlines before the bell:

    Tesla (TSLA) – Tesla CEO Elon Musk said he would refrain from selling any more Tesla stock for 18 to 24 months. Musk has sold about $39 billion in stock over the past year, amid his $44 billion deal to buy Twitter. Tesla gained 1.2% in the premarket.

    Nutanix (NTNX) – Nutanix tumbled 16.6% in the premarket following a report that Hewlett Packard Enterprise (HPE) has ended talks to acquire the cloud computing company.

    Meta Platforms (META) – Meta and users of its Facebook platform settled a privacy class action lawsuit, with Meta agreeing to pay $725 million. The suit stemmed from the 2018 revelation that data firm Cambridge Analytica had collected information from tens of millions of Facebook users.

    Mission Produce (AVO) – The avocado producer reported lower-than-expected profit and revenue as the rise in volume was not enough to offset a plunge in avocado prices. Mission Produce slumped 13.7% in premarket trading.

    3M (MMM) – 3M was barred by a judge from shifting liability to a subsidiary in a case involving combat earplugs. The case stems from injuries suffered by members of the military who used the allegedly defective earplugs.

    Toro (TTC) – The lawn care and outdoor products company was upgraded to outperform from market perform at Raymond James, which set a price target of $130 compared with yesterday’s close of $111.15 per share. Toro also reported better-than-expected quarterly earnings earlier this week. The stock added 1% in premarket action.

    Biogen (BIIB) – Biogen’s Japanese partner Eisai has confirmed to Reuters reports of a third death in a trial of their experimental Alzheimer’s treatment and said the cause is being investigated.

    Oilfield services stocks – Halliburton (HAL) gained 1.4% in the premarket, with Schlumberger (SLB) up 1.3% and Baker Hughes (BKR) rising 1%. The gains come as the price for crude rises more than 2% in early trading.

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