Dell Gains, Intercontinental Exchange Rises, Dollar Tree Drops on Downgrade
On this episode of Stock Movers:
- Dell (DELL) shares rise after the company roughly doubled its growth estimates for sales and profit for the next two years, citing demand for artificial intelligence products.
- Intercontinental Exchange (ICE) shares rise on its' plans to invest as much as $2 billion in cash in Polymarket, a crypto-based betting platform. The transaction values Polymarket at roughly $8 billion, and ICE will become a global distributor of Polymarket’s event-driven data.
- Dollar Tree (DLTR) shares fall after Jefferies downgraded the discount retailer to underperform from hold.
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