Abercrombie & Finch Drops, Tesla Gains, and Moderna Rises After Settling Arbutus Litigation
On this episode of Stock Movers:
- Abercrombie & Finch (ANF) drops after the apparel retailer’s forecast for first quarter net sales growth and profits trailed the consensus estimates. Fourth quarter comparable sales performance also missed expectations, with Hollister growth failing to reach expectations.
- Tesla (TSLA) shares gain as Bank of America Global Research analyst Alexander Perry reinstated coverage of the electric vehicle company with a recommendation of buy “as we view it as the current leader in consumer autonomy.”
- United Airlines (UAL) shares are mixed. Sentiment received a boost after the New York Times reported that Tehran had made indirect contact with the US to negotiate an end to the conflict. Then Iran denied the report that's been driving market sentiment.
See omnystudio.com/listener for privacy information.
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On this episode of Stock Movers:
- Abercrombie & Finch (ANF) drops after the apparel retailer’s forecast for first quarter net sales growth and profits trailed the consensus estimates. Fourth quarter comparable sales performance also missed expectations, with Hollister growth failing to reach expectations.
- Tesla (TSLA) shares gain as Bank of America Global Research analyst Alexander Perry reinstated coverage of the electric vehicle company with a recommendation of buy “as we view it as the current leader in consumer autonomy.”
- United Airlines (UAL) shares are mixed. Sentiment received a boost after the New York Times reported that Tehran had made indirect contact with the US to negotiate an end to the conflict. Then Iran denied the report that's been driving market sentiment.
See omnystudio.com/listener for privacy information.
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