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FINWIRES

Zscaler Shares Rise After Guggenheim Upgrade

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Zscaler (ZS) shares were up over 10% Monday afternoon after Guggenheim upgraded the stock to buy from neutral.

Trading volume stood at more than 7.0 million shares, against a daily average of about 3.9 million.

Price: $154.12, Change: $+14.39, Percent Change: +10.30%

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Alphabet Shareholders Urged to Reject Data Privacy Review Proposal Ahead of June 5 Meeting

Alphabet (GOOG, GOOGL) shareholders were urged Monday to vote against a data privacy review proposal at the company's June 5 annual meeting.The Anti-Defamation League and investment advisor JLens said they have filed a Notice of Exempt Solicitation with the US Securities and Exchange Commission outlining their opposition to the proposal, which they said identified only Project Nimbus, Alphabet's cloud agreement with the Israeli government.ADL and JLens said Alphabet's board as well as proxy advisory firms Institutional Shareholder Services and Glass, Lewis have also recommended that shareholders vote against the proposal.Alphabet did not immediately respond to' request for comment.Price: $374.17, Change: $-2.26, Percent Change: -0.60%

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Top Midday Decliners

Constellation Energy (CEG) priced an underwritten secondary offering of 11 million shares at $281 apiece, it said Monday.Shares were down 6%, with intraday trading volume rising to nearly 6.7 million from the stock's daily average of about 3.1 million.Deutsche Bank downgraded AST SpaceMobile (ASTS) to hold from buy while cutting its price target to $106 from $117.Shares of AST were down 6%, with intraday trading volume rising to over 20 million from a daily average of about 18.6 million.Nvidia (NVDA) has unveiled an artificial intelligence chip, RTX Spark, to power Microsoft (MSFT) Windows personal computers. RTX Spark marks Nvidia's formal entry into the consumer PC processor market, a Wedbush Securities note said on Monday. The foray could hurt Intel (INTC) in particular, Wedbush analyst Matt Bryson wrote in the note.Shares of Intel slipped 3.3%, with intraday trading volume rising to over 95.1 million from a daily average of about 120.6 million.Price: $106.55, Change: $-6.86, Percent Change: -6.05%

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