Why GameStop Shares Are Trading Lower By Over 22%? Here Are Other Stocks Moving In Friday's Mid-Day Session
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- GameStop Corp. GME: Shares fell sharply after worse-than-expected first-quarter results were released before schedule and plans to sell up to 75 million shares.
- Stock Movements: Various stocks experienced significant changes in mid-day trading, including Trinity Place Holdings Inc., Leafly Holdings, Venus Concept Inc., Asensus Surgical, Faraday Future Intelligent Electric Inc., and others.
- Positive Stock Movements: Companies like Geron Corporation, ChromaDex Corporation, SunPower Corporation, Yext, Inc., and Argan, Inc. saw notable increases in their stock prices.
- Negative Stock Movements: Stocks of companies such as Biomea Fusion, Barnes & Noble Education, Scinai Immunotherapeutics, Volcon, Hywin Holdings, and many others declined significantly.
- Analyst Actions: Analysts downgraded Gen Digital Inc. and maintained ratings for companies like Seres Therapeutics, American Software, and DocuSign based on quarterly results and other factors.
Analyst Views on SPWR
Wall Street analysts forecast SPWR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPWR is 4.50 USD with a low forecast of 3.00 USD and a high forecast of 6.00 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.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.690
Low
3.00
Averages
4.50
High
6.00
Current: 1.690
Low
3.00
Averages
4.50
High
6.00
About SPWR
SunPower Inc. is a solar installation and service company. The Company is a residential solar services provider in North America. Its digital platform and installation services support energy needs for customers who want to make the transition to an energy-efficient lifestyle. The Company's segment includes Residential Solar Installation and New Homes Business. The Residential Solar Installation segment performs solar system, storage and battery installations for residential homeowners. The New Homes Business segment performs solar system installations for new home builders. Its energy solutions include solar panels and solar battery storage.
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.
