Market Updates
Movers: Bed Bath & Beyond, Expedia, Intuitive Surgical, Pool Corp, Tesla, Toll Brothers
Scott Peters
11 Jan, 2023
New York City
Bed Bath & Beyond soared 51% to $3.12 after retail investors bid up stock of the struggling retailer in a speculative frenzy.
Expedia Group increased 4.5% to $99.24 after Oppenheimer lifted its stock rating of the travel services provider to "outperform" from "perform" citing depressed valuation.
Intuitive Surgical Inc. declined 4.2% to $259.96 after the surgical systems maker issued a cautious outlook and issued preliminary fourth quarter 2022 results.
Preliminary fourth quarter revenue increased 7% to $1.66 billion from $1.55 billion a year ago and full-year 2022 revenue jumped 9% to $6.22 billion.
The da Vinci Surgical Systems installations declined 4% to 369 in the fourth quarter from 385 a year ago and fell 6% to 1,264 in the year 2022.
Pool Corp rose 5.4% to $342.81 after Deutsche Bank upgraded its rating on the swimming pool supplies provider's stock "buy" from "hold" citing higher-than-expected sales and earnings.
Tesla Inc gained 2.8% to $122.18 after the electric vehicle maker said it plans to expand its Austin, Texas factory and invest as much as $700 million.
Toll Brothers increased 2.8% to $55.45 after Bank of America upgraded its view on the stock to "buy" from "hold."
Annual Returns
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Earnings
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