Why Cracker Barrel Shares Are Trading Lower By Around 14%? Here Are Other Stocks Moving In Friday's Mid-Day Session
Written by Emily J. Thompson, Senior Investment Analyst
- Cracker Barrel Old Country Store, Inc. CBRL: Shares fell sharply after reducing dividend and expecting lower Q3 and Q4 results.
- Stock Movements:
- Fangdd Network Group Ltd. DUO shares surged by 258.6%.
- Akanda Corp. AKAN jumped 129.4%.
- Crown ElectroKinetics Corp CRKN saw an 89.6% increase.
- Faraday Future Intelligent Electric Inc. FFIE rose by 69.6%.
- Various other stocks experienced significant gains or losses in the market.
- Specific Stock Changes:
- GameStop Corp GME fell 22.6% due to lower revenue expectations.
- Robinhood Markets, Inc. HOOD rose 6.2% following a stock upgrade.
- Other Stock Movements:
- Companies like NovaBay Pharmaceuticals, Inc., Brenmiller Energy Ltd, and Reddit, Inc. experienced notable stock price changes.
- Analyst Recommendations:
- Jim Cramer recommended buying a sports betting company's stock, expressing positivity towards it.
Analyst Views on GLOB
Wall Street analysts forecast GLOB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLOB is 78.00 USD with a low forecast of 61.00 USD and a high forecast of 100.00 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.
11 Analyst Rating
6 Buy
5 Hold
0 Sell
Moderate Buy
Current: 67.480
Low
61.00
Averages
78.00
High
100.00
Current: 67.480
Low
61.00
Averages
78.00
High
100.00
About GLOB
Globant S.A. is a digitally native technology services company. The Company’s principal operating subsidiary is based in Buenos Aires, Argentina. During the year ended December 31, 2015, 83.7% of its revenues were generated by clients in North America, 11.0% in Latin America and Asia, and 5.3% in Europe. It builds digital journeys, which consists of different software products, including mobile apps, Web apps, sensors and other software and hardware appliances that work orchestrated by a backend that uses big data and fast data to create a understanding of each consumer and how to act upon each scenario. The Company delivers digital journeys with a comprehensive approach that includes Stay Relevant, which helps its customers stay fit for the future of their industries; Discover, which think and conceive specific digital journeys for each customer; Build, which creates each digital journey leveraging the work of its Studios, its services over platforms and its agile pods methodologies.
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.
