ConocoPhilips Falls, AMD Rises, Meta Gains on Whatsapp Ad news
On this episode of Stock Movers:
- ConocoPhilips (COP) shares fall after the Wall Street Journal reported earlier that Iran has signaled it wanted to de-escalate hostilities with Israel.Meanwhile Reuters is reporting Iran is seeking for President Trump to press Israel for an immediate ceasefire and is offering flexibility in nuclear talks.
- AMD (AMD) shares rise after Piper Sandler raised the price target to $140 from $125. It's a 21% increase from the current price. Analysts said products unveiled last week were positive and expects a “snapback” for the graphics processing unit business in the fourth quarter.
- Meta (META) shares gain after news that Whatsapp will show ads in the Updates tab, which gets 1.5 billion visitors per day, according to Meta. WhatsApp will also let Channel operators sell subscriptions, meaning they can create special messages just for a group of paying customers.
See omnystudio.com/listener for privacy information.
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