Check out the companies that are trending in intraday trading. Signet Jewelers — Shares fell 11% after the jeweler released first-quarter earnings guidance that fell short of Wall Street expectations. The company expects revenue to be in the range of $1.47 billion to $1.53 billion, compared with the $1.61 billion expected by analysts surveyed by FactSet. Chipotle — Shares rose 6.4% to an all-time high after the Mexican fast-casual chain announced its board of directors approved a 50-1 stock split. The plan was unveiled to the public on Tuesday and is expected to take effect in June if approved by shareholders. Deutsche Bank also raised its price target on the stock, citing strong growth prospects. Mobileye Global — Shares rose 6% after Volkswagen announced it would strengthen its partnership with the auto technology company. Mobileye will provide European automakers with new self-driving technology. FMC — Shares of the chemical maker rose nearly 5% after he received an acquisition upgrade from UBS. The bank believes the stock could rise once FMC returns to meeting or exceeding guidance, margins improve and the market recognizes that the inventory correction is over. Riot Platforms — Bitcoin mining stock rises 4% after JPMorgan upgrades the stock to overweight from neutral, citing the company’s “unique combination of industry-leading power contracts, scale, and liquidity.” did. Best Buy — After Telsey lifted its stock price to above market performance, the consumer electronics retailer increased by 3%, citing stabilization and signs of improvement from the replacement cycle and innovative new products such as Ray-Ban his glasses. It rose recently. Boeing — Shares rose more than 2% after a series of reports about the troubled airline. Bloomberg, citing unnamed sources, said Boeing is considering the possibility of selling at least two of its defense businesses. Reuters reported, citing sources, that Spirit Aerosystems is exploring how it can reduce the impact on Airbus. Carmax — After upgrades to buy in Needham, used car inventory rose by his 2%. The investment firm said CarMax would benefit from increased supply in the used car market and lower interest rates. General Mills — Shares rose 1.7% after the food company reported better-than-expected third-quarter results on sales and bottom line. General Mills reported adjusted earnings of $1.17 per share on revenue of $5.1 billion. Analyst estimates compiled by LSEG were for earnings of $1.05 per share and revenue of $4.97 billion. Equinix — Shares fell more than 4% after short seller Hindenburg Research released a report targeting the data center company. —CNBC’s Sarah Ming, Alex Harring, Jesse Pound, Lisa Han and Michelle Fox contributed reporting.
SIG, CMG, MBLY, BBY etc.
