$CCC

6 stories mentioning CCCUpdated 20d ago

Every FINWIRES story that references CCC, newest first.

Sector Update: Tech Stocks Mixed Late Afternoon

Tech stocks were mixed late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 1.3%.The Philadelphia Semiconductor index was up 0.3%.In corporate news, Meta Platforms (META) shares rose 5.3% after a Bloomberg report cited Chief Executive Mark Zuckerberg as saying the firm is considering renting out some of its AI compute as demand for AI infrastructure surges.CCC Intelligent Solutions (CCC) shares climbed up 9.5% after Reuters reported Thursday the company is exploring a sale, and has hired Morgan Stanley to advise on the process.SK Hynix (SKHYV) jumped 13% after listing its American depositary receipts on Nasdaq.ChipMOS Technologies (IMOS) shares rose 2% after the company said its Q2 revenue rose 28.7% year over year to 7.38 billion New Taiwan dollars ($231.8 million), marking its highest quarterly revenue since 2014.

$CCC$IMOS$META$SKHYV

Sectors20d ago

Sector Update: Tech

$CCC

Wire20d ago

Top Midday Gainers

WD-40 (WDFC) upgraded its full-year outlook, opting to retain its Americas homecare and cleaning businesses, and reported higher fiscal Q3 results late Thursday.Shares jumped 10%, with intraday trading volume rising to over 846,000 from a daily average of about 169,000.Cue Biopharma (CUE) said late Thursday it agreed to a private placement of its shares and pre-funded warrants with a group of investors to raise around $50 million in gross proceeds.Shares jumped 6%, with intraday trading volume of over 227,000, versus a daily average of about 588,000.CCC Intelligent Solutions (CCC) is exploring a sale and has hired Morgan Stanley to advise on the process, Reuters reported Thursday, citing people familiar with the matter.Shares rose over 8% as trading volume grew to more than 11.7 million from a daily average of about 11.3 million.Price: $264.65, Change: $+25.23, Percent Change: +10.54%

$CCC$CUE$WDFC

Wire91d ago

CCC Intelligent Solutions Appoints Rodney Christo as Interim CFO

CCC Intelligent Solutions (CCC) said Thursday it has named Rodney Christo as interim chief financial officer.Brian Herb, the company's chief financial and administrative officer, will leave the company on May 25 to pursue a different opportunity, CCC said.Christo, the current senior vice president of finance and chief accounting officer, will also assume the role of interim CFO while the company identifies Herb's successor, the company said.Herb will continue to serve the enterprise as an advisor following his exit, it added.Price: $5.08, Change: $+0.26, Percent Change: +5.29%

$CCC

Wire111d ago

CCC Intelligent Shares Fall After Citigroup Downgrade

CCC Intelligent Solutions (CCC) shares were down about 7% in Friday trading after Citigroup downgraded the stock to neutral from buy and lowered its price target to $6 from $10.Trading volume stood at more than 4.5 million shares, compared with a daily average of almost 13 million shares.Price: $4.96, Change: $-0.38, Percent Change: -7.04%

$CCC

Research111d ago

Citigroup Downgrades CCC Intelligent Solutions to Neutral From Buy, Cuts Price Target to $6 From $10

CCC Intelligent Solutions (CCC) has an average rating of overweight and mean price target of $9.33, 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://finwires.com/en/contact)

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