RTX (RTX) shares were up over 3% in Thursday trading after Jefferies upgraded its rating on the company's stock to buy from hold and adjusted its price target to $220 from $210.
Trading volume stood at about 2.3 million shares against a daily average of roughly 5.4 million.
Price: $178.11, Change: $+5.56, Percent Change: +3.22%
Broadcom's (AVGO) decision not to upgrade its 2027 artificial intelligence guidance apparently disappointed investors, especially as the chip designer reported strong semiconductor demand, UBS Securities said in a client note sent Thursday.Shares dropped 13%, with intraday trading volume rising to more than 62.1 million from the stock's daily average of about 24.4 million.ADC Therapeutics (ADCT) shares sank 55% amid heavy trading after RBC downgraded the company's stock rating and lowered its price target to $2 from $6, following new late-stage trial data for the company's lymphoma therapy Zynlonta.More than 9.1 million shares of the company traded intraday compared with a daily average of about 990,000.Xos (XOS) has announced a registered direct offering of about 1.09 million common shares at $5.50 per share, for gross proceeds of about $6 million, the company said Thursday.Shares sank 26% following an increase in intraday trading volume to over 10.8 million from a daily average of about 2.24 million.Price: $417.61, Change: $-61.62, Percent Change: -12.86%
(Updates with the latest stock move in the headline and the first paragraph.)Aeva Technologies (AEVA) shares were slightly lower in Thursday afternoon trading after the company priced a follow-on public offering of about 4.5 million common shares at $22.25 per share.Underwriters have been granted a 30-day option to purchase up to an additional 674,157 shares.Net proceeds from the offering, expected to close Friday, will be used for general corporate purposes, including supporting demand related to artificial intelligence infrastructure, the company said.Price: $25.15, Change: $-0.16, Percent Change: -0.63%
Snowflake (SNOW) has an average rating of Buy and mean price target of $292.91, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $248.52, Change: $+7.24, Percent Change: +3.00%