Check out the companies that are trending in intraday trading.
Tesla — Shares rose 3.9% following the previous day’s annual shareholder meeting. CEO Elon Musk has announced that the company’s first Cybertruck will be delivered later this year. Musk said he expects the economy to be weak over the next 12 months, but that Tesla is well positioned for the long term.
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western alliance — Western Alliance soared 15% after local banks said deposit growth for the quarter exceeded $2 billion as of May 12. Other regional bank stocks rose. Zions Bank Co., Ltd. Last up 12%.of SPDR S&P Regional Banking ETF Added 7.3%.
the goal — The retail giant’s shares rose more than 2% after the company’s first-quarter earnings beat Wall Street estimates. However, Target’s revenue grew little year over year. And shoppers bought even more necessities. Target also said it expects sales to remain weak in the current quarter, with comparable sales declining in the low single digits.
TJX Company — Stocks fell slightly on Wednesday. The company outperformed earnings before the market opened, reporting earnings per share of 76 cents versus analyst estimates of 71 cents polled by Refinitiv. StreetAccount also said comparable sales in the first quarter beat expectations, but sales fell short of expectations.
Wynn Resorts — The hotel and casino operator rose 7% after Barclays raised its share price. The company said Wynn has much more to gain from the post-pandemic recovery of Macau’s real estate and that its business in Las Vegas can continue to perform well despite the worsening macro environment.
EV Go — The EV charging station supplier fell nearly 16% in midday trading after news of a public offering of $125 million Class A shares. Earlier Tuesday, Stifel began reporting on EVGo with a Buy rating.
Kindrill Holdings — Shares of the IBM spin-off fell 9.7% following a mild inducement. Kyndryl also posted a loss of $3.24 per share he posted in the fourth quarter of the fiscal year. This was larger than the loss of $1.02 per share suffered in the same period last year.
Keysight Technologies — Shares soared more than 7% after Keysight Technologies exceeded earnings guidance for the second quarter of the fiscal year. The company also announced a better-than-expected earnings outlook for the current quarter.
toxic parent — Medical software companies fell 4.8% as they provided weaker outlook for the quarter. The company said it expects first-quarter sales of $106.5 million to $107.5 million and adjusted EBITDA of $39 million to $40 million. Both of those estimates came in below expectations, with analysts polled by Street Account expecting revenue of $11.8 million and adjusted EBITDA of $45.4 million. That overshadowed the company’s better-than-expected fourth-quarter earnings.
— CNBC’s Yoon Lee, Tanaya Machel, Ha Kyung Kim, Alex Haring, Michelle Fox and Brian Evans contributed to the report
