Mid-Day Market Update: Avis Budget Surges After Q3 Results; Chegg Shares Plunge
Midway through trading Tuesday, the Dow traded up 0.23% to 35,997.66 while the NASDAQ rose 0.34% to 15,649.41. The S&P also rose, gaining 0.36% to 4,630.05.
51 Stocks Moving In Tuesday’s Mid-Day Session
Gainers
Avis Budget Group, Inc. (NASDAQ: CAR) surged 83.9% to $315.37 after the company reported better-than-expected Q3 adjusted EPS and sales results and added $1 billion to its buyback.
Rogers Q3 Adj. EPS $1.64 Misses $1.78 Estimate, Sales $238.30M Miss $240.01M Estimate
Rogers (NYSE:ROG) reported quarterly earnings of $1.64 per share which missed the analyst consensus estimate of $1.78 by 7.87 percent. This is a 13.1 percent increase over earnings of $1.45 per share from the same period
DuPont Announces Acquisition Of Rogers Corporation For ~$5.2B In Cash; Rogers’ Shareholders To Receive $277/Share In Cash
Rogers Corporation (NYSE:ROG) announced today that it has entered into a definitive merger agreement to be acquired by DuPont (NYSE:DD) in an all-cash transaction that values Rogers at approximately $5.2 billion.
The
Rogers Announces Acquisition Of Silicone Engineering; Terms Not Disclosed
Rogers Corporation (NYSE:ROG) announced its acquisition of Silicone Engineering Ltd., a leading European manufacturer of silicone material solutions based in Lancashire, UK. Silicone Engineering expands Rogers'
Stocks That Hit 52-Week Highs On Thursday
Before 10 a.m. ET on Thursday, 91 companies hit new 52-week highs.
Canaccord Genuity Maintains Buy on Rogers, Lowers Price Target to $233
Canaccord Genuity analyst Jed Dorsheimer maintains Rogers (NYSE:ROG) with a Buy and lowers the price target from $260 to $233.
Earnings Scheduled For July 29, 2021
Companies Reporting Before The Bell
• Smith & Nephew (NYSE:SNN) is projected to report earnings for its second quarter.
B. Riley FBR Maintains Buy on Rogers, Raises Price Target to $240
B. Riley FBR analyst Craig Ellis maintains Rogers (NYSE:ROG) with a Buy and raises the price target from $225 to $240.