WD-40, Shutterstock And Other Big Stocks Moving Higher On Tuesday
Portfolio Pulse from Lisa Levin
Several US stocks traded higher on Tuesday, with notable gains for Hesai Group, Intchains Group Limited, Redfin Corporation, WD-40 Company, Tandem Diabetes Care, Shutterstock, Newell Brands, Roku, AirSculpt Technologies, CareDx, Mesoblast Limited, Zillow Group, GrafTech International, Affirm Holdings, Etsy, The Scotts Miracle-Gro Company, and HP Inc. Notable events include WD-40's Q3 results exceeding expectations, Shutterstock's partnership expansion with OpenAI, Newell Brands receiving a Buy rating from Canaccord Genuity, Roku's partnership with Shopify, AirSculpt Technologies' above-consensus Q2 revenues, and Affirm Holdings and Etsy receiving price target increases.
July 11, 2023 | 2:40 pm
News sentiment analysis
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POSITIVE IMPACT
Affirm Holdings' stock rose after Mizuho raised the price target.
Price target increases often lead to short-term increases in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
AirSculpt Technologies' stock rose after it reported above-consensus Q2 revenues.
Positive revenue reports typically lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Etsy's stock gained after JMP Securities reiterated a Market Outperform rating and maintained a $130 price target.
Positive analyst ratings and price targets often lead to short-term increases in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Newell Brands' stock gained after Canaccord Genuity initiated coverage with a Buy rating.
Positive analyst ratings often lead to short-term increases in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Roku's stock climbed after reporting a partnership with Shopify.
Partnerships can lead to increased business opportunities, which can positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Shutterstock's stock rose after announcing a partnership expansion with OpenAI.
Partnerships can lead to increased business opportunities, which can positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
WD-40 Company's stock surged after Q3 results topped expectations.
Positive earnings results typically lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100