Micron Technology Inc. is headquartered in Boise, Idaho.
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Check out the companies that are trending in intraday trading.
berkshire hathaway — Class A shares rose 0.6% following the first-quarter earnings release and Saturday’s annual shareholder meeting. Berkshire’s operating profits are up 39% annually and its cash holdings are approaching $200 billion.
micron technology — The Boise, Idaho-based semiconductor company jumped 4.5%, moving from neutral to outperform following a rating upgrade from Baird. The analyst cited valuations, progressively positive trends in dynamic random access memory (DRAM), pricing, and increasing demand for high-bandwidth memory.
spirit airlines — The company fell 9% after posting a loss of $1.46 per share in the first quarter, but beat analysts’ FactSet consensus estimate for a loss of $1.45 per share. Revenues were in line with expectations. Spirit also forecast second-quarter revenue of $1.2 billion to $1.34 billion, below FactSet’s estimate of $1.46 billion.
paramount — Shares soared 3.3% on reports that the owners of Paramount Pictures and CBS Entertainment Group have begun formal takeover talks with a group led by Sony Pictures Entertainment. apollo. Warren Buffett also said over the weekend that he sold all of his Berkshire shares in Paramount at a loss.
usa steel — The Pittsburgh-based steelmaker’s stock price rose more than 2% after Morgan Stanley upgraded the stock from equal weight to overweight. Morgan Stanley said in a note that even if the deal to buy Nippon Steel falls through, there is room for U.S. Steel stock to rise due to internal improvements.
Medical Property Trust — Shares fell nearly 7% after the company’s main tenant, physician-run hospital operator Steward Healthcare, filed for Chapter 11 bankruptcy protection.
EHang Holdings — Shares in the self-driving aircraft company rose 9% after Morgan Stanley began reporting an overweight rating on the company, calling it “ready for takeoff” amid increased regulatory and government support in China.
tyson foods — The food processor saw its stock price fall 6% after posting revenue of $13.07 billion in its fiscal second quarter, falling short of the $13.15 billion expected by analysts polled by Street Account. Ta. Tyson also reported earnings of 62 cents per share, beating expectations of 39 cents per share.
Bausch & Lomb — Eye Health shares jumped 4.4% after Morgan Stanley upgraded the stock from equal weight to overweight. Morgan Stanley said the market likely missed the Canada-based company’s progress in improving its core margins.
coinbase — Cryptocurrency stocks rose 2.5% after Barclays raised its price target, suggesting there is little room for the stock price to fall. The bank’s move comes after Coinbase reported better-than-expected earnings last week.
lee auto — Chinese electric vehicle makers rose 2.3% after reporting strong orders for L6 vehicles. According to a Weibo post, orders for L6 vehicles from April 18 to May 5 exceeded 41,000 units.
victoria’s secret — Victoria’s Secret stock rose nearly 2% after opening about 0.4% lower. Morgan Stanley downgraded the close-knit apparel maker to underweight, citing negative earnings per share forecasts. Wall Street banks also lowered their price targets.
— CNBC’s Alex Harring, Jesse Pound, Samantha Subin, Ha-Kyung Kim and Sarah Min contributed reporting.
