Home Finance Etsy, Cinemark, DXC and more

Etsy, Cinemark, DXC and more

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An employee at the company’s headquarters in Brooklyn at Etsy Inc. The signage runs behind the displaying quilt.

Victor J. Blue / Bloomberg via Getty Images

Etsy — Shares of the e-commerce company are up 6.9% in the afternoon, when Etsy announced $1.6 billion deal To buy fashion resale app depot. The newly acquired business, which is based in London, is popular with younger consumers.

DXC Technology — Shares of the IT services company rose nearly 5.5% after Wells Fargo upgraded the stock to an overweight rating. The firm wrote in a note, “We see a situation where a discounted valuation presents an attractive risk/reward ratio and the potential for higher EPS/valuation as the market believes in the ongoing turn-around story in DXC.” ” customer. Wells Fargo also raised its target on the stock to $48, which is up 26% from Tuesday’s closing price.

Cinemarkhandjob imax – Shares of movie theaters fell more than 2% after Goldman Sachs downgraded to sell from neutral. investment firm said in a note For customers, it is being speculated in the market that how much the film’s presence will be after the pandemic.

Tesla Tesla shares fell 3.5% in afternoon trading on a combination of negative headlines. First, the electric car maker said it is Recalling around 6,000 vehicles Concerns that their brake caliper bolts may come loose, potentially resulting in low tire pressure. Second, Tesla was reportedly told by the Securities and Exchange Commission that it failed to properly approve CEO Elon Musk’s tweets.

Carnival Corporation – Carnival shares jumped nearly 2.8% and touched a new 52-week high of $31.10 today. The Centers for Disease Control and Prevention accepted a deal for Carnival Cruise Line from Port Canaveral, The Houston Chronicle reported Tuesday.

ambarella — Ambarella shares fell more than 2% on Wednesday afternoon despite reporting better-than-expected quarterly financial results after Tuesday’s bell. The semiconductor company reported adjusted earnings of 23 cents per share on revenue of $70.1 million. According to FactSet, analysts expect adjusted earnings of 17 cents per share on revenue of $68.6 million.

vimeo — Vimeo shares rose 0.2% after Cowen and Jefferies began coverage with the stock outperforming and buying ratings. Both firms pointed to Vimeo’s potential in the enterprise video space.

  • — CNBC’s Hannah Miao, Maggie Fitzgerald, Jesse Pound, Tom Frank and Pippa Stevens contributed reporting

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