An Uber banner on the New York Inventory Change on the day of Uber's IPO, Could 10, 2019.Supply: NYSETry the businesses making headlines in noon bu
An Uber banner on the New York Inventory Change on the day of Uber’s IPO, Could 10, 2019.
Supply: NYSE
Try the businesses making headlines in noon buying and selling:
Uber Technologies — Shares of Uber slid 2% after the ride-hailing firm mentioned more than 3,000 sexual assaults occurred throughout rides final 12 months in america alone. This discovering was revealed as a part of the corporate’s first-ever U.S. Security Report, which was launched on Thursday.
Tesla — Shares of the automaker gained greater than 2% after Morgan Stanley raised its “bull case” target on the inventory to $500. The agency mentioned that this greatest case situation may end result if the not too long ago unveiled Cybertruck is profitable, and if the brand new manufacturing facility in China tops expectations. Morgan Stanley’s “base case” value goal for the inventory stays $250.
Ulta Beauty — Shares of the cosmetics firm surged greater than 13% after beating quarterly profit estimates, pushed by gross sales of higher-margin cosmetics merchandise. Ulta earnied $2.25 per share, in comparison with the $2.13 per share anticipated by Wall Road analysts, in response to Refinitiv.
Zoom Video Communications — Shares of the video-conferencing firm plummeted greater than 10% on the again of quarterly results that revealed slowing growth. Zoom’s income of $166.6 million represents annualized development of 85%. That is much less development than within the earlier quarter,…