Mid-Day Market Update: Gold Rises 1.5%; Poshmark Shares Drop
Midway through trading Wednesday, the Dow traded down 0.09% to 36,287.31 while the NASDAQ fell 0.38% to 15,826.08. The S&P also fell, dropping 0.11% to 4,679.87.
55 Stocks Moving In Wednesday’s Mid-Day Session
Gainers
RenovoRx, Inc. (NASDAQ: RNXT) shares jumped 128% to $12.41. The company, on Tuesday evening, made a presentation on intra-arterial chemotherapy as a potential innovative treatment for pancreatic cancer.
Why RingCentral’s Stock Is Soaring Today
RingCentral Inc (NYSE: RNG) is trading significantly higher Wednesday after the company reported better-than-expected third-quarter financial results and announced a strategic partnership to provide Mitel's customer base with a seamless migration path to its MVP cloud communications platform.
Wells Fargo Maintains Overweight on RingCentral, Raises Price Target to $400
Wells Fargo analyst Michael Turrin maintains RingCentral (NYSE:RNG) with a Overweight and raises the price target from $375 to $400.
30 Stocks Moving in Wednesday’s Pre-Market Session
Gainers
RenovoRx, Inc. (NASDAQ: RNXT) rose 113% to $11.50 in pre-market trading. The company, on Tuesday evening, made a presentation on intra-arterial chemotherapy as a potential innovative treatment for pancreatic cancer.
Needham Maintains Buy on RingCentral, Raises Price Target to $400
Needham analyst Ryan Koontz maintains RingCentral (NYSE:RNG) with a Buy and raises the price target from $360 to $400.
Keybanc Maintains Overweight on RingCentral, Raises Price Target to $404
Keybanc analyst Steve Enders maintains RingCentral (NYSE:RNG) with a Overweight and raises the price target from $390 to $404.
RingCentral Q3 EPS $0.36 Beats $0.33 Estimate, Sales $414.63M Beat $393.42M Estimate
RingCentral (NYSE:RNG) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.33 by 9.09 percent. This is a 38.46 percent increase over earnings of $0.26 per share from the same
Earnings Scheduled For November 9, 2021
Companies Reporting Before The Bell
• Imara (NASDAQ:IMRA) is projected to report earnings for its third quarter.
• KT (NYSE:KT) is projected to report earnings for its third quarter.