Instacart stock slips after IPO, Dollar General shares hit by downgrade and other stocks on the move

Shares of Steelcase Inc. SCS, +0.80% gained 3% after the office-furniture maker called for “significantly improved” profit as more companies order their employees back to the office.

Pinterest Inc.’s PINS, +3.19% stock rose 1% after company executives said they expect revenue growth to pick up in 2024 after a slowdown in 2023 and 2022. The company also added former eBay Inc. EBAY, -0.66% executive Scott Schenkel to its board and announced a slew of new ad tech tools at its investor day.Shares of Instacart CART, +12.33% were down 4% after hours, following a debut in which they finished up 12%.

Dollar General stock DG, +1.27% fell 2%. JPMorgan slashed its rating on the retailer to underweight from neutral, and cut its price target to $116 from $132, following comments made by CFO Kelly Dilts at a conference the investment bank held in London. JPMorgan is now forecasting flat comparable store sales growth, as Dollar General’s core low income customer is “acting recessionary today.”

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Instacart prices IPO at $30 a share, valuing grocery delivery company at about $10 billionGrocery delivery company Instacart is poised to debut on the Nasdaq on Tuesday after selling shares at $30 a piece in its IPO
Herkunft: NBCPhiladelphia - 🏆 569. / 51 Weiterlesen »

Instacart sets IPO price at $30 a share, valuing the company at about $10 billionInstacart has priced its initial public offering of stock at $30 a share, raising $660 million for the grocery delivery company
Herkunft: sdut - 🏆 5. / 95 Weiterlesen »