on the New York Stock Exchange. The online pet product retailer's IPO was priced at $22 on Thursday night and the stock opened at $36 a share. Like the recent IPOs of Uber, Lyft and Beyond Meat, Chewy is not yet profitable.— Shares of BJ's Restaurants rose 4.3% after an analyst at Oppenheimer upgraded the California-based chain to outperform from perform.
The analyst cited a strong same-store sales trend and a low valuation relative to the restaurant chain's peers as reasons for the upgrade.— Shares of Norbord, which manufactures wood-based panels, jumped 6% after BMO Capital Markets upgraded the company to outperform from market perform when a competitor put one of its plants on indefinite hold. BMO said this will improve the balance of supply and demand as well as prices.
Luckin Coffee's IPO Day Surge Hints At Its Large Market Potential In China
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