Learn more about the companies that are making headlines in mid-day trading.
Didi Global – Shares of the Chinese rideshare giant climbed 3% for double-digit gains during the week amid reports from Bloomberg News of a possible Beijing takeover of the company. Beijing is considering a plan to take Didi under state control by acquiring a stake through government-run companies, including Beijing Tourism Group, according to the report. According to the report, this is still an early-stage proposal, pending government approval, citing people familiar with the matter.
MongoDB – Shares of the database company rose nearly 25% on Friday after releasing quarterly results on Thursday night. The company reported a loss of 24 cents per share, lower than analysts’ expected loss of 39 cents. However, it exceeded revenue estimates and gave a positive revenue forecast for the current quarter.
PagerDuty – Software company PagerDuty jumped more than 11% after releasing quarterly results. It announced an adjusted loss of 13 cents per share, compared to 11 cents expected by analysts, but posted a strong earnings outlook for the current quarter.
Document sign – The e-signature solutions provider saw its share rise 5% after reporting adjusted earnings of 47 cents a share, beating Wall Street forecasts by 7 cents. DocuSign has also raised its annual forecast for total revenue, subscription revenue and billing.
Joan Inc. – Shares of the craft company fell more than 16% after Telsey lowered the stock to outperform the market and lowered its target price on the stock from $ 18 to $ 14. The company said there was “limited visibility” on how sales would normalize in the post-Covid era, given Joan’s vision of growing demand during the pandemic.
Broadcom – The chipmaker climbed more than 1% after releasing quarterly results. The company reported adjusted earnings of $ 6.96 per share, beating estimates by 8 cents. It is also slightly down from quarterly revenue and gave a bullish outlook for the current quarter, saying it still sees strong demand in the 5G mobile market.
fuboTV – The sports streaming company rose 1.5% after the Arizona Department of Gaming granted FuboTV a mobile betting license in the state. This makes Arizona the second state to allow mobile betting for Fubo, following its recent approval by the state of Iowa.
Nvidia – Stocks rose 1.8% after Jefferies reiterated its buy rating on the stock and raised its price target from $ 233 to $ 260. The company said Nvidia could perform even higher due to the growth of its data centers and software segments.
– CNBC’s Yun Lee and Hannah Miao contributed reporting
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