Robinhood, EPAM Systems, Kroger and more
Kroger will open automated warehouses across the nation to help build an online grocery store that is larger and more lucrative.
These are the top companies in Friday’s midday trading.
Robinhood — Shares of the trading app dropped more than 7% after Goldman Sacks downgraded the stockTo sell from neutral. Wall Street firms cited a decline in retail engagement and continued weakness of account growth as reasons for their updated outlook.
WD-40 — The lubricant maker reported quarterly results that beat analyst expectations, sending the stock up nearly 9%. WD-40’s profit was $1.41 per Share, which easily beats the Refinitiv consensus estimate at $1.01 per Share.
EPAM Systems — Shares for the software company surged 12.5% after EPAM Systems said it would terminate its operations in Russia. In a note to Stifel, analysts stated that the company interpreted Thursday’s decision as positive because it removed the largest overhang.
UPS — UPS shares dipped about 0.8% after Bank of America downgraded the stock, citing “deteriorating demand.” It also downgraded eight transport companies because it is concerned that they would be adversely affected by slowing demand and falling prices.
HP — Shares for the computer maker declined nearly 3% after UBS downgraded the stockTo neutral or buy UBS is of the opinion that HP will suffer from high valuations due to weak consumer sentiment. After Warren Buffett’s Berkshire Hathaway, the call was made by UBS. purchased a major stakeThis week in the company
— CNBC’s Yun Li and Samantha Subin contributed reporting