Here are the stocks making the most move today:
- Walgreens Boots Alliance shares rose by 7% due to advancements in its cost-cutting program, despite missing Q4 earnings estimates.
- Spotify gained nearly 1% after Morgan Stanley's positive outlook on its market share and long-term positioning.
- MongoDB's stock slightly decreased by 0.2% following Bank of America's coverage initiation with a buy rating.
- ResMed shares fell by 5.5% after a downgrade from RBC due to anticipated slower earnings growth.
- Birkenstock shares continued to drop, totaling a 6.6% decrease following a 12% fall in its stock market debut.
- First Solar shares dipped by 1.4% although Barclays upgraded its rating, citing an attractive valuation.
- Ford's shares slipped 2% following a strike launched by the United Auto Workers union at a Kentucky plant.
- Fastenal's stock jumped 7.5% after exceeding Q3 earnings expectations with a revenue of $1.85 billion in line with predictions.
- Lastly, Hormel Foods shares dropped by 9.8% even after a new contract ratified by UFCW, which included hourly wage increases, alongside its investor day event.
