Yahoo Finance is tracking Groupon, Valeant Pharmaceuticals, Lululemon, Nike, Blue Apron, JPMorgan, Goldman Sachs, Citigroup, Wells Fargo and Morgan Stanley in intraday trading on Thursday.
Groupon (GRPN) – B. Riley upgraded Groupon to buy and raised its price target to $5.50 from $4.20. Analyst Sameet Sinha thinks the firm’s investment in marketing will begin to pay off. Groupon shares are up about 7% since the start of the year.
Valeant Pharmaceuticals (VRX) – A bullish call on Wall Street is pushing shares of Valeant higher in intraday trading. Cantor Fitzgerald maintained its overweight rating on the stock while raising its price target to $23 from $18, implying an upside of 34% from Wednesday’s closing price. The Canadian drugmaker also announced that it completed the sale of Dendreon to Sanpower Group for $819.9 million.
Lululemon (LULU) – The retailer is posting gains after co-chairman Glenn Murphy increased his stake in the company. According to an SEC filing, Murphy bought 100,000 shares of the company in two separate transactions on Monday and Tuesday.
Nike (NKE) – The athletic apparel maker is set to report earnings after the bell Thursday afternoon. Wall Street is looking for earnings per share of 50 cents on revenue of $8.63 billion. A big focus for investors will be Nike’s plans to enhance its direct-to-consumer sales.
Blue Apron (APRN) – Shares of the meal-kit maker made its public debut Thursday morning, opening in line with its IPO price of $10 per share. The company began trading on the New York Stock Exchange under the symbol “APRN.”
JPMorgan (JPM), Citigroup (C), Morgan Stanley (MS), Goldman Sachs (GS), Wells Fargo (WFC) – Big bank stocks are on the rise after the Fed gave the go ahead for buybacks and dividends. During the second phase of its annual stress test, all 34 banks under examination passed, marking the first time this has happened since the tests were instituted after the 2008 financial crisis.
For more on Thursday’s big stock movers, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.