Here are the day’s top movers in the stock market on January 9th, 2023, according to CNBC.
Tesla – Shares of Tesla rose 8% Monday after CEO Elon Musk’s attorneys on Saturday asked a California court to move a trial over the company stock to Texas, citing local negativity.
Advanced Micro Devices– jumped 7.7% as semiconductor stocks led the Monday’s rally.
Nvidia – stock rallied 7.6% in midday trading.
Regeneron – slipped 5% after the pharmaceutical company said that sales of its Eylea drug were negatively impacted in the final quarter of 2022 by a shift to an off-label competitor.
Lululemon – fell more than 8% after Lululemon’s changed its guidance to show that it expects shrinking gross margins for the fourth quarter.
Zillow — Shares of the real estate marketplace company gained nearly 10% after Bank of America double upgraded the stock to buy and said they could rise 20% from Friday’s close
Uber – shares gained 5.2% on an upgrade from Piper Sandler to overweight from a neutral rating.
Hologic – Shares gained nearly 4% after reporting fiscal first-quarter revenue of $1.07 billion, topping its most recent guidance of $940 million to $990 million.
Duck Creek – surged 47% after it said that Vista Equity Partners will take the insurance intelligence solutions provider private for $19 a share.
Ceridian HCM — shares rose 5%.
Monolithic Power Systems – Shares gained 6.4% amid the semiconductor rally, following shares of Nvidia and Advanced Micro Devices.
Baxter International – slipped 7.4%, hitting a 52-week low, after it announced it will restructure and spin off its kidney care business.
Oracle – advanced 2.6% after Piper Sandler upgraded the stock to overweight from neutral
Goldman Sachs – Shares gained 2%
Teladoc – Shares jumped 6.4% after the company announced that its revenue in the fourth quarter of 2022 exceeded analyst expectations