Midday movers: AMD, Carvana rise; MasterCard, Intuit fall

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Go back to Midday movers: AMD, Carvana rise; MasterCard, Intuit fall

Profitable growth ahead for Carvana (CVNA) - Needham & Company

July 10, 2024 1:27 PM EDT

Carvana (NYSE: CVNA) was lifted to Buy from Hold at Needham & Company with a price target of $160 per share. The firm sees profitable growth ahead for the company.

"We think CVNA can grow unit sales and industry share by leveraging its digital-first customer experience and... More

AMD stock jumps on Silo AI purchase

July 10, 2024 11:58 AM EDT

AMD (NASDAQ: AMD) shares jumped more than 3% Wednesday after the company announced it has agreed to acquire Silo AI, the largest private AI lab in Europe, in an all-cash transaction valued at approximately $665 million.

The acquisition marks a step in AMDs strategy to deliver comprehensive AI solutions based on... More

LegalZoom stock plunges after cutting FY revenue guidance, announcing new CEO

July 10, 2024 11:04 AM EDT

LegalZoom (NASDAQ: LZ) shares plunged more than 28% Wednesday after the company announced a new CEO and reduced its revenue expectation for the full year.

The company announced that its current Chairman of the Board of Directors, Jeffrey Stibel, has been named its next CEO, effective immediately, while it has also appointed John Murphy as the Lead Independent Director of the Board.

Current CEO Dan Wernikoff will leave the... More