News Formal

These Stocks Are Moving the Most Today: Apple, Intel, Cal-Maine Foods, A10 Networks, and More

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Apple shares are downgraded at KeyBanc, Intel plans a spinoff of its programmable solutions business, and sales slump at Cal-Maine Foods as egg prices tumble.

Stock futures fell Wednesday as a relentless surge in Treasury yields dragged equities lower. The S&P 500 fell 1.4% on Tuesday to a four-month low.Apple was downgraded to Sector Weight from Overweight at KeyBanc with the analysts saying the stock has been trading at near all-time-high multiples and a historically large premium to the Nasdaq, and that they see soft growth from the iPhone maker’s Americas region. KeyBanc has no price target on Apple shares. The stock was down 1.1% to $170.

Cal-Maine Foods reported fiscal first-quarter earnings that missed analysts’ expectations and said sales slumped about 30% as average egg prices tumbled to $1.59 per dozen from $2.28 a year earlier. Shares of the egg producer fell 12% in premarket trading.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cal-Maine stock drops on earnings missShares of Cal-Maine Foods Inc. CALM dropped 12% in after-hours trade Tuesday, after the egg producer reported fiscal first-quarter results that fell below...
Source: MarketWatch - 🏆 3. / 97 Read more »

Dow futures tick lower, Cal-Maine foods tanks 11.8% after earnings By Investing.comDow futures tick lower, Cal-Maine foods tanks 11.8% after earnings
Source: Investingcom - 🏆 450. / 53 Read more »