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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

Wire166d ago

Simply Good Foods Shares Fall After Stephens Downgrade

Simply Good Foods (SMPL) shares fell 11% on Friday after Stephens downgraded the stock to equalweight from overweight and cut its price target to $14 per share from $24.Both UBS and Deutsche Bank reduced their price targets to $13 from $16 following its Q2 results.Trading volume stood at over 5.6 million shares compared with a daily average of more than 2.4 million.Price: $10.51, Change: $-1.29, Percent Change: -10.93%

$SMPL

Wire166d ago

Veeva Systems Shares Fall After Citigroup Downgrade

Veeva Systems (VEEV) shares were down over 4% in Friday trading after Citigroup downgraded the stock to neutral from buy and cut its price target to $176 from $291.Trading volume stood at more than 2.7 million shares, compared with a daily average of about 2.2 million shares.Price: $150.55, Change: $-6.53, Percent Change: -4.16%

$VEEV

Wire166d ago

NICE Shares Fall After Downgrade From Citigroup

NICE's (NICE) shares were down more than 6% in Friday trading after Citigroup downgraded the company's stock to neutral from buy and lowered its price target to $119 from $184.Trading volume stood at over 573,100 shares, versus the daily average of 816,270.Price: $97.73, Change: $-6.68, Percent Change: -6.40%

$NICE

Wire166d ago

Market Chatter: WEX Shareholders Urged by Impactive Capital to Replace CEO on Board Next Month

WEX (WEX) shareholders are being urged by Impactive Capital to replace the company's Chief Executive Officer Melissa Smith on its board of directors at its annual meeting next month, Reuters reported Friday, citing sources and documents.Impactive Capital, which owns about 5% of WEX, wants to replace three sitting directors, including CEO Smith, who is also the company's board chair, the report said, adding that the hedge fund does not want to replace the CEO, but replace her on the board and to separate the CEO and chair roles.The hedge fund further said that Smith's pay is too high and the board's governance record is poor, Reuters reported.WEX did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $157.98, Change: $-1.52, Percent Change: -0.95%

$WEX

Wire166d ago

Similarweb Shares Fall After Citigroup Downgrade

Similarweb (SMWB) shares were down over 6% in Friday trading after Citigroup downgraded the stock to neutral from buy and cut its price target to $3 per share from $8.5.Trading volume stood at more than 444,000 shares, compared with a daily average of about 954,000.Price: $2.31, Change: $-0.17, Percent Change: -6.85%

$SMWB

Wire166d ago

Autodesk Shares Fall After Citigroup Downgrade

Autodesk (ADSK) shares fell 4.5% in Friday trading after Citigroup downgraded the stock to neutral from buy and adjusted its price target to $246 per share from $331.Trading volume stood at over 1.4 million shares compared with a daily average of nearly 2.3 million.Price: $214.91, Change: $-10.22, Percent Change: -4.54%

$ADSK

Wire166d ago

DocuSign Shares Fall After Citigroup Downgrade

DocuSign (DOCU) shares were down nearly 7% in Friday trading after Citigroup downgraded the company's stock to neutral from buy and adjusted its price target to $50 from $99.Trading volume stood at over 3.5 million shares compared with a daily average of about 5.1 million shares.Price: $42.42, Change: $-3.14, Percent Change: -6.88%

$DOCU

Wire166d ago

Nutanix Shares Fall After Downgrade From JPMorgan

Nutanix's (NTNX) shares were down nearly 7% in Friday trading after JPMorgan downgraded the enterprise cloud software company's stock to neutral from overweight and adjusted its price target to $44 from $55.Trading volume stood at over 3.1 million shares, versus the daily average of roughly 4.9 million.Price: $34.51, Change: $-2.43, Percent Change: -6.58%

$NTNX

Wire166d ago

Rollins Seen Facing Softer Q1 Growth on Weather Impact, UBS Says

Rollins (ROL) is expected to deliver softer growth in Q1 given choppier weather conditions early in the quarter, UBS Securities said Friday in a note.The choppier first half of Q1 may impact overall growth somewhat, but retention for existing customers is expected to remain strong, with pricing also seeing very little pushback, according to the note.UBS highlighted lower digital advertising spend in early Q1 which suggests a delayed seasonal ramp that could reflect weather conditions and competitive activity.The brokerage estimates Q1 organic growth of 5.9%, down from a prior estimate of 6.7%. The firm now expects Q1 adjusted EBITDA of $188 million, down from $190 million and slightly ahead of the Street estimate of $187 million.UBS said a second consecutive weaker growth quarter from a company that has historically been a high-quality compounder could be somewhat challenging from a narrative perspective, especially as Rentokil shows signs of stabilizing growth.The brokerage expects Rollins to reaffirm the 7% to 8% organic growth guidance for 2026. It lowered its 2026 organic growth estimate to 7.1% from 7.3% and reduced its 2026 EPS estimate to $1.22 from $1.25 and its 2027 EPS estimate to $1.32 from $1.35.UBS has a neutral rating on Rollins and lowered its price target to $58 from $62.Price: $54.57, Change: $-1.23, Percent Change: -2.20%

$ROL

Wire166d ago

Shake Shack Shares Rise After Mizuho Upgrade

Shake Shack (SHAK) shares rose 1.2% on Friday after Mizuho upgraded the stock to outperform from neutral and boosted its price target to $120 per share from $100.Trading volume stood at over 603,000 shares compared with a daily average of over 1.4 million.Price: $98.66, Change: $+1.11, Percent Change: +1.14%

$SHAK

Wire166d ago

Super Micro Computer Shares Rise After Launch of Gold Series Server Offering

Super Micro Computer (SMCI) shares rose 8.8% on Friday, a day after it launched the Gold Series enterprise server suite for artificial intelligence, storage, and edge workloads.The new pre-configured offering comprises of more than 25 types of server systems and is ready to ship from company warehouses within three business days, according to a statement.Pre-configuring facilitates cost-efficient pricing and shorter lead times compared with custom-built offerings, the company said.Price: $25.29, Change: $+2.07, Percent Change: +8.89%

$SMCI

Wire166d ago

Update: Market Chatter: Commvault Exploring Sale After Receiving Takeover Interest

(Updates with the latest stock movement in the fourth paragraph.)Commvault Systems (CVLT) is exploring a sale after receiving takeover interest from multiple private equity firms and strategic buyers, Reuters reported Friday, citing four people familiar with the matter.The data protection software provider is working with Goldman Sachs (GS) to weigh its options, the report said, citing the sources.Commvault didn't immediately reply to a request for comment from.Shares of the company were up 8.3% in Friday trading.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $87.26, Change: $+6.65, Percent Change: +8.25%

$CVLT$GS

Wire166d ago

Market Chatter: Meta Should Face Instagram Youth Addiction Lawsuit by Massachusetts

Meta Platforms (META) should face a lawsuit by Massachusetts attorney general that alleged Instagram was designed in a way to make young users addicted to the social media platform, Reuters reported Friday, citing a court ruling.Justice Dalila Argaez Wendlandt wrote that the lawsuit by the attorney general does not seek to hold the company liable for content created by its users but targets the company's conduct, according to the report.Meta did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $625.33, Change: $-3.06, Percent Change: -0.49%

$META

Wire166d ago

Market Chatter: Nike's Chief Innovation Officer Leaving After Less Than a Year

Nike (NKE) Chief Innovation Officer Tony Bignell is leaving the company after less than a year on the job, The Wall Street Journal reported Friday, citing a company statement.Bignell will be succeeded by Andy Caine, Nike vice president and creative director for sportswear, effective Sunday, the company reportedly said.Nike didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $42.62, Change: $-1.38, Percent Change: -3.14%

$NKE

Wire166d ago

Comstock Holding Acquires Woodland Pointe Campus in Virginia, Signs Lease with Peraton

Comstock Holding (CHCI) said Friday it acquired Woodland Pointe, a 6.77-acre office campus in Herndon, Virginia, and executed a full-campus lease with Peraton, a technology and national security company.The seller and purchase price were not disclosed.The campus includes a six-story, 185,000-square-foot office tower, and Comstock plans a new 100,000-square-foot build-to-suit building that Peraton will fully occupy.Price: $18.34, Change: $-1.09, Percent Change: -5.61%

$CHCI

Wire166d ago

Nike Chief Innovation Officer Leaving After Less Than a Year, WSJ Reports

$NKE

Wire166d ago

Market Chatter: Nexstar Media's $6.2 Billion Tegna Merger Faces Restraining Order Extension

Nexstar Media's (NXST) $6.2 billion merger with Tegna is facing fresh hurdles after a federal judge extended the restraining order on the deal by one week to April 17 to review whether a a longer preliminary injunction is needed, Associated Press reported Friday.The merger was approved by the Federal Communications Commission but ran into antitrust lawsuits last month as eight state attorneys general and DirecTV sued to block the merger in a district court in California due to concerns about consumer prices and local journalism.Neither Nexstar Media nor Tegna immediately responded to' request for comment.Shares of Nexstar were up 3.4% in Friday trading.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $184.98, Change: $+6.16, Percent Change: +3.44%

$NXST

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