Bed Bath & Beyond, Apple, Tesla, Netflix, And More Stocks Move Midday

‍Apple

Earlier this week, a report said the company would no longer incorporate haptic touch technology from Cirrus to a larger extent. A day earlier, a report said the company would not be using it. There were rumors circulating around the iPhone 15 that it would feature a physical side button that would be powered by Cirrus' solid-state technology in advance of the iPhone 15's release later this year.

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Bed Bath & Beyond

The stock of the meme stock favorite has dropped 5.9% in the past week. Earlier this week, a book-runner called B. Riley Securities purchased around 100 million shares of the company.

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Harley-Davidson

It is estimated that UBS expects U.S. retail sales to be down close to 20% in the first quarter of the year. Accordingly, the stock of the motorcycle maker shed more than 3% after the brokerage said retail sales might be worse than expected.

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Novo Nordisk

As a result of Credit Suisse's upgrade from neutral to outperform status for the Danish pharmaceutical company, whose shares are listed on the New York Stock Exchange, the shares of the Danish company gained 2.1% after being upgraded to outperform status from neutral.

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Alibaba

In the wake of a near 6% decline seen in the previous session, shares of e-commerce giant Alibaba rose 2% on Tuesday. This week has been a volatile one for the stock. SoftBank has sold the majority of its stake in the company. A new ChatGPT-style product from Alibaba was digested by investors.

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Steve Madden

A Citigroup upgrade to buy from neutral led to a 3.4% gain for the shoe company after Citi upgraded it to buy from neutral. There has been an improvement in wholesale trends over the last couple of months, according to the bank.

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Chipotle

There has been a 1% increase in shares after Citigroup said it was optimistic about the chain's earnings report scheduled for later in the month.

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Netflix

A number of major tech-related names climbed as well, including Netflix, Amazon, and others. The streaming platform shares rose 4.5%. On the other hand, Goldman Sachs has reiterated that it continues to rate the stock as a sell.

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Tesla

There was an increase of 3% in shares of the electric vehicle manufacturer on Thursday. Next week, the company will release earnings for its first quarter, and investors are eagerly anticipating them. They will be looking for clues about whether Tesla plans to cut prices on key models such as the Model 3 or Model Y in the near future.

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Progressive

It is reported that Progressive Insurance has lost 26 cents per share for the month of March, which is down from a profit of 38 cents per share in the corresponding period a year ago. This caused shares to fall by 6% after Progressive reported a loss. It is said that Progressive had "unfavorable developments" in its product lineup for personal and commercial vehicles that impacted its profits. There was a positive net income reported for the first quarter by the company.

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