Hewlett Packard Enterprise, Nvidia, Progress Software And Other Big Stocks Moving Higher On Wednesday
Portfolio Pulse from Avi Kapoor
Several US-listed stocks saw significant gains on Wednesday, with Hewlett Packard Enterprise (HPE) rising 5.5% after a Barclays upgrade. Progress Software (PRGS) and Nvidia (NVDA) also saw notable increases due to positive analyst actions and strategic moves.
September 25, 2024 | 2:13 pm
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POSITIVE IMPACT
Hewlett Packard Enterprise shares rose 5.5% after Barclays upgraded the stock and raised its price target.
Barclays' upgrade from Equal-Weight to Overweight and a price target increase from $20 to $24 positively impacted HPE's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Nvidia shares rose 3% as CEO Jensen Huang completed his Rule 10b5-1 trading plan early.
The completion of the CEO's trading plan may have positively influenced investor sentiment, contributing to the stock's rise.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Progress Software shares jumped 12.9% following a price target increase by Oppenheimer and strong Q3 earnings.
Oppenheimer's price target increase and strong Q3 earnings and guidance contributed to the rise in PRGS stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100