Tesla, Five Below, Nine and more
A Tesla dealer was spotted in West Drayton, just outside London, UK, on February 7, 2018.
Hannah McKay | Reuters
Check out the companies that are making headlines in dinner trading.
Tesla – Shares rose around 2.2% after UBS upgraded its electric car share to buy from neutral. The company said that Tesla̵[ads1]7;s withdrawal this year offers an “attractive entry point” for investors. “We believe the operational outlook is stronger than ever before,” said UBS.
Signet Jewelers – The jewelry retailer’s shares rose by approximately 9% after the company posted quarterly profits and earnings that beat analysts’ estimates and gave an optimistic forecast for the year. Signet also extended the authorization to repurchase shares by USD 500 million.
Five below – The low-cost retailer’s shares fell 2.9% after weak earnings, but missed earnings in the last quarter. Five guidelines below for the year.
Nine – Nio’s share fell 7% after the Chinese electric car manufacturer’s recent quarterly report. The company struggled during China’s Covid-19 shutdowns and is facing a margin squeeze that is unlikely to start recovering before the third quarter, CEO William Bin Li said during a revenue interview.
Novavax – Shares of the drugmaker fell 16% on news that the FDA could postpone a decision on Novavax’s Covid-19 vaccine. The FDA needs to evaluate changes in the drug manufacturer’s manufacturing process, a spokesman for CNBC said.
Ollie’s Bargain Outlet – The low – cost retailer’s shares jumped 6.2% after an upgrade from RBC Capital Markets to surpass the sector’s performance following Ollie’s latest quarterly report.
Skillsoft – Skillsoft’s shares fell 16% after the learning platform posted quarterly results. The company reported a smaller loss than analysts expected, but had revenues that fell below analysts’ expectations.
– CNBC’s Tanaya Macheel and Hannah Miao contributed reporting.
