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.
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Luckin Coffee's IPO Day Surge Hints At Its Large Market Potential In China
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