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Why Robinhood (HOOD) Stock Is Trading Up Today
Shares of financial services company Robinhood (NASDAQ:HOOD) jumped 6.7% in the afternoon session after Morgan Stanley named the stock a "Top Pick." The firm added, "We see a compelling opportunity... and move to Top Pick."
Qorvo (QRVO) Shares Skyrocket, What You Need To Know
Shares of communications chips maker Qorvo (NASDAQ: QRVO) jumped 11.9% in the morning session after activist investor, Starboard Value, disclosed a 7.7% stake in the company. This move is noteworthy given that activist investors often bring about significant changes in targeted companies, focusing on improving asset monetization, expense efficiency, and stock buybacks.
Why Is Cloudflare (NET) Stock Rocketing Higher Today
Shares of internet security and content delivery network Cloudflare (NYSE:NET) jumped 5.3% in the morning session after Citi analysts upgraded the stock's rating from Neutral to Buy and raised the price target from $95 to $145. The new price target implied a potential 20% upside from where shares traded before the upgrade was announced.