WW International, CarMax, And More Make Big Moves Midday

‍WW International

It is estimated that WW International is likely to more than triple its share price over the next few years as it pushes into the obesity medication market where it will capture a substantial share of it. Goldman Sachs has upgraded the company from a neutral rating to a buy, saying it is likely to more than triple its share price.

‍

CarMax

During the fourth quarter, the car retailer reported a beat to earnings, which led its shares to rise 10%. As a result, CarMax posted 44 cents per share in earnings, which was much higher than the 24 cents analysts polled by Refinitiv had expected. In addition, the company's revenue of $5.72 billion fell short of analysts' expectations of $6.04 billion.

‍

Mohawk Industries

According to Loop Capital, Mohawk's shares have gained 5% since its price target was maintained at $115. The firm raised the stock from a hold rating to buy from its previous hold rating.

‍

Moderna

‍

There has been a significant drop in the value of the biotech stock after the company announced that its flu vaccine trials had fallen short of the criteria for early success in a late-stage trial. The company said that when the vaccines were delivered to people there were not enough cases of infection.

‍

Tesla

In midday trading Tuesday, Elon Musk’s electric vehicle maker gained 1% in shares. The company implemented a series of new price cuts on its website on Friday, which pushed shares lower on Monday, but the new price cuts resulted in a positive return. It is the fifth time that the electric vehicle maker has cut its prices. The company has also expressed concern about the tighter rules for qualifying electric vehicles for a $7,500 tax credit, as well as the stiffer standards for qualifying vehicles.

‍

WisdomTree

As a result of the company's recent net flows announcement in March, shares of the financial firm gained 3% and the company now has a total of over $90.7 billion under the management of assets combined.

‍

New York Community Bancorp

It has been a good year for New York City Bank Shares since Jefferies upgraded it from a hold to buy following the news that NYB had acquired parts of Signature Bank. The investment firm said that the move has strengthened the bank's balance sheet.

‍

Whirlpool

After Goldman Sachs upgraded its shares to buy from neutral, the kitchen and laundry company's stock was up more than 4% by midday, citing its high valuation. According to the firm, channel checks indicate that promotional activity in March in North America has stabilized, which may provide a basis for pricing and profitability.

‍

Akamai Technologies

There is a strong chance of Akamai stock moving up in price after Piper Sandler analyst James Fish upgraded it from neutral to overweight on Tuesday. In addition, the analyst noted the recent decline in the cloud computing stock, which is down 5% this year, "presents a great opportunity for investors."

‍

LendingClub

JPMorgan increased coverage for the stock to overweight following the launch of its coverage of the stock the firm. The firm noted there may be an oversold condition in the stock given investor anxiety surrounding the balance sheets and the possibility of a recession. 

‍

Murphy Oil

In addition to Truist upgrading shares from hold to buy from $49, which implies a 45% upside over Monday's close, the firm also raised its price target on the stock from $49 to $56, which implies a 45% increase over this week's close.

‍