The Hawaii Department of Health advised residents on Wednesday to stock up on a 14-day supply of food, water and other essential items for possible exposure to the novel coronavirus in Honolulu, Hawaii, US Feb. 28, 2020.
Courtesy of Duane Tanouye via Reuters
Check out the companies making headlines in afternoon trading.
world Wrestling Entertainment , Wrestling Entertainment Stock Soared Nearly 17% WWE Announces Founder Vince McMahon Is Returning To Its Board Of Directors And that the company is looking for strategic moves. McMahon stepped down as CEO last year following an investigation into sexual misconduct, but remains majority shareholder. The Wall Street Journal reported that McMahon is coming back for a possible sale of the business.
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r1 rcm — Shares of the health care technology firm soared 10.2% after the company raised its revenue outlook for 2023. The company also reaffirmed its projection for the full year 2022.
costco wholesale — Shares of the big-box retailer rose nearly 7.3% after it reported solid sales numbers for December. Costco posts net sales of $23.8 billion in December 2022, marking 7% year-over-year growth. Evercore ISI too Added Costco to its “Fab Five” listSaying it’s a defensive stalwart.
first solar – Shares of First Solar rose by 7.8% Wells Fargo Upgrades It to OverweightEurope’s energy crisis and the Inflation Reduction Act in the US will boost solar energy demand.
bed Bath and Beyond – share fell about 22.5% It was running out of cash after the retailer warned it was considering bankruptcy. he indicated KeyBank will cut its price target From $2 per share to 95% to 10 cents.
Tesla — Tesla shares rose about 2.5% after falling to their lowest level in nearly two years earlier in the day. Tesla reduced the prices of its Model 3 and Model Y vehicles in Asia.
Silvergate Capital , Shares of the crypto-focused bank fell 2.6%, down 42% from the previous day. JP Morgan cut SI to neutral from overweight, citing worse-than-expected deposit outflows from Silvergate and questioning the company’s long-term profitability.
Greenbear Companies — Shares tumbled 17.9% after the rail care maker’s latest quarter earnings missed analyst estimates, according to consensus estimates on FactSet, although revenue beat expectations. CEO Laurie Tekorius Told Manufacturing margins have been hurt by the high cost of outsourced parts and material shortages.
Agilent Technologies – Shares fell 2.9%. Agilent said Thursday it will partner with Akoya Biosciences to develop solutions for tissue analysis. Akoya shares rose 9.5%.
MGM Resorts International – Shares rose by 5.8% after Stifel upgrades hospitality stock to buy from holdadding that it would benefit from a strong recovery in Las Vegas.
Voya Financial — The financial stock gained 4.7% after JPMorgan upgraded it from neutral to overweight. The firm cited Voya’s low-risk business, ability to generate capital and valuations as pluses.
behavior — Shares fell 4.7% after Morgan Stanley downgraded the online networking service for medical professionals to underweight from equal weight, according to FactSet’s StreetAccount.
— CNBC’s Michelle Fox, Alex Harring, Yoon Lee, Tanaya Machel, Jesse Pound and Samantha Subin contributed reporting.