{"id":116741,"date":"2021-06-18T16:35:11","date_gmt":"2021-06-18T16:35:11","guid":{"rendered":"https:\/\/fin2me.com\/?p=116741"},"modified":"2021-06-18T16:35:11","modified_gmt":"2021-06-18T16:35:11","slug":"stocks-making-the-biggest-moves-midday-nvidia-lennar-adobe-and-more","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/stocks-making-the-biggest-moves-midday-nvidia-lennar-adobe-and-more\/","title":{"rendered":"Stocks making the biggest moves midday: Nvidia, Lennar, Adobe and more"},"content":{"rendered":"

Check out the companies making headlines in midday trading.<\/em><\/p>\n

Nvidia \u2014 Shares of Nvidia gained 2.3% after Bank of America raised its price target on the stock to $900 per share from $800 per share. The bank said "rising AI adoption, expanding use-cases across cloud, enterprise, edge, telco can help NVDA double its content and triple its data center sales over the next few years."<\/p>\n

Lennar \u2014 Lennar shares added 5.2% after JPMorgan upgraded the homebuilder to overweight from neutral. JPMorgan said Lennar's stock as "attractive relative to its peers and effectively not reflecting the company's significant and ongoing business transformation."<\/p>\n

Adobe\u00a0\u2014 Shares of the digital cloud giant traded nearly 2% higher on the back of better-than-expected quarterly numbers. Adobe reported earnings per share of $3.03 on revenue of $3.84 billion. Analysts expected a profit of $2.81 per share on sales of $3.73 billion, according to Refinitiv.<\/p>\n

Smith & Wesson Brands\u00a0\u2014 The firearms manufacturer stock surged 15% after the company quarterly results that beat analyst expectations. Smith & Wesson's earnings per share of $1.71 beat a Refinitiv forecast by 69 cents. The company's revenue of $322.9 million also surpassed an estimate of $259.8 million. Smith & Wesson also raised its dividend by 60% and authorized a $50 million stock buyback.<\/p>\n

Orphazyme \u2014 Shares of Orphazyme plunged 42% after U.S. regulators rejected its application for a drug intended to treat Niemann-Pick disease type C.<\/p>\n

Fox Corporation \u2014 Fox shares gained 2% after the company upped its stock repurchase program by $2 billion to a total of $4 billion.<\/p>\n

Citigroup \u2014 The bank stock fell 1.6% midday, putting it on pace for its 12th straight daily loss. Shares of Citigroup are down more than 11% this week.<\/p>\n

\u2014 CNBC's Tanaya Macheel contributed reporting<\/em><\/p>\n

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Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Check out the companies making headlines in midday trading. 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