Why Farfetch Is Trading Higher By 32%, Here Are 46 Stocks Moving In Friday’s Mid-Day Session
Gainers
Micro Focus International plc (NYSE: MFGP) shares jumped 95.4% to $6.11 after the company reached an agreement with OpenText to be acquired for $6 billion.
B of A Securities Upgrades Vtex to Buy, Raises Price Target to $6.5
B of A Securities analyst Fred Mendes upgrades Vtex (NYSE:VTEX) from Neutral to Buy and raises the price target from $4.5 to $6.5.
Earnings Scheduled For August 11, 2022
Companies Reporting Before The Bell
• Magic Software (NASDAQ:MGIC) is projected to report quarterly earnings at $0.27 per share on revenue of $131.70 million.
Piper Sandler Maintains Overweight on Vtex, Lowers Price Target to $6
Piper Sandler analyst Clarke Jeffries maintains Vtex (NYSE:VTEX) with a Overweight and lowers the price target from $9 to $6.
Stocks That Hit 52-Week Lows On Wednesday
During Wednesday's session, 326 stocks hit new 52-week lows.
KeyBanc Re-rated These Vertical Software, FinTech Stocks Based On Current Economic Backdrop: Read To Know
KeyBanc analyst Josh Beck noted that rates on the 10-year fell below 1% before quickly expanding by ~2%, which coincided with a dramatic digital adoption surge, triggering a rapid rise and subsequent fall for high-growth, long-duration tech assets.