Mid-Day Market Update: U.S. Stocks Extend Gains; Dow Jumps 700 Points
U.S. stocks extended gains midway through trading on Friday. Russian forces have advanced to the outskirts of Kyiv, the capital of Ukraine. Saboteurs are already in the city, according to Ukrainian President Volodymyr Zelensky.
45 Stocks Moving In Friday’s Mid-Day Session
Gainers
KAR Auction Services, Inc. (NYSE: KAR) shares climbed 39.2% to $19.05 after the company agreed to sell its ADESA U.S. physical auction business to Carvana for $2.2 billion. Guggenheim upgraded KAR Auction Services from Sell to Neutral.
Credit Suisse Maintains Outperform on Farfetch, Lowers Price Target to $47
Credit Suisse analyst Stephen Ju maintains Farfetch (NYSE:FTCH) with a Outperform and lowers the price target from $55 to $47.
Mid-Morning Market Update: US Markets Mostly Higher As Investors Monitor Russia-Ukraine Crisis
U.S. stocks opened mostly higher this morning after recording gains in the previous session. Russian forces have advanced to the outskirts of Kyiv, the capital of Ukraine. Saboteurs are already in the city, according to Ukrainian President Volodymyr Zelensky.
32 Stocks Moving in Friday’s Pre-Market Session
Gainers
Cyren Ltd. (NASDAQ: CYRN) rose 54.6% to $7.48 in pre-market trading after gaining around 119% on Thursday. The company recently announced a $12 million private placement.
Recap: Farfetch Q4 Earnings
Farfetch (NYSE:FTCH) reported its Q4 earnings results on Thursday, February 24, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Farfetch beat estimated earnings by 25.0%, reporting an EPS of $-0.03 versus an estimate of $-0.04.
Where Farfetch Stands With Analysts
Analysts have provided the following ratings for Farfetch (NYSE:FTCH) within the last quarter:
Credit Suisse Maintains Outperform on Farfetch, Lowers Price Target to $55
Credit Suisse analyst Stephen Ju maintains Farfetch (NYSE:FTCH) with a Outperform and lowers the price target from $71 to $55.
JP Morgan Maintains Overweight on Farfetch, Lowers Price Target to $35
JP Morgan analyst Doug Anmuth maintains Farfetch (NYSE:FTCH) with a Overweight and lowers the price target from $51 to $35.