Nasdaq Jumps 300 Points; Oracle Shares Spike Higher
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2024
0mins
Source: Benzinga
- U.S. Stock Market: Nasdaq Composite surged over 300 points, with the Dow up by 0.65% and NASDAQ rising by 1.82%.
- Top Headline: Oracle Corporation's shares jumped 11% after reporting fourth-quarter results below estimates and announcing a partnership with Google Cloud.
- Equities Trading UP: DDC Enterprise Limited, Beamr Imaging Ltd., and Avidity Biosciences, Inc. saw significant stock price increases.
- Equities Trading DOWN: Tonix Pharmaceuticals Holding Corp., ThermoGenesis Holdings, Inc., and Vera Bradley, Inc. experienced notable drops in their stock prices.
- Commodities and Global Markets: Oil prices rose to $79.12, gold traded at $2,345.50, European shares were higher, and Asian markets closed mixed on Wednesday.
Analyst Views on DDC
Wall Street analysts forecast DDC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DDC is 30.00 USD with a low forecast of 30.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 3.220
Low
30.00
Averages
30.00
High
30.00
Current: 3.220
Low
30.00
Averages
30.00
High
30.00
About DDC
DDC Enterprise Limited is a global Asian food platform. The Company maintains corporate Bitcoin treasury, strategically positioning Bitcoin as a core reserve asset. Its portfolio of culinary brands includes DayDayCook, Nona Lim, and Yai's Thai. The Company is a food innovator with content-driven consumer brands offering ready-to-heat (RTH), ready-to-cook (RTC), ready-to-eat (RTE) and plant-based meal products while promoting healthier lifestyle choices to its predominately Millennial and Generation Z customer base. The Company's main product categories include own-branded RTH products, which are typically semi-cooked meals with some but minimal preparation required ahead of serving; own-branded RTC products, which are ready to be consumed within 8 to 15 minutes with some additional cooking preparation; own-branded RTE products, which are typically pre-cooked meals that are ready to serve with minimal level of additional preparation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
