Here’s a look at the companies making headlines in midday trading: Hims & Hers Health shares rose 27.7% after the telemedicine company made GLP-1 injections available, expanding a weight-loss program it launched in December. Wix.com — Shares of the web development company jumped 23.8% after it reported better-than-expected first-quarter results. The bank also raised its annual free cash flow forecast. Shares of Norwegian Cruise Line jumped 7.6% after Norwegian Cruise Line raised its full-year profit forecast. It also reported better-than-expected first-quarter results. Target — Retail shares fell 2.1% after Target said it would cut prices on about 5,000 frequently purchased items to win back consumers “feeling pressure” from higher prices. Li Auto – U.S.-listed shares of the Chinese electric vehicle maker fell 12.8% after Li Auto reported weaker-than-expected first-quarter earnings and softer revenue guidance for the current quarter. quarter. Teradyne — Shares rose 5.8% after Goldman Sachs upgraded the semiconductor testing equipment maker to buy. The bank said a cyclical recovery in its system-on-chip testing business could drive future outperformance in the stock. GameStop — Shares of the video game retailer jumped 4.2% after choppy trading last week as meme shares resumed trading. Micron Technology – Chip shares rose 3% after being upgraded to equal weight by Morgan Stanley from underweight. The bank said it overestimated how much last year’s losses would impact stock valuations and underestimated the economic and narrative elements of artificial intelligence memory. Hasbro — Shares rose 3.2% after Morgan Stanley named Hasbro a top pick, saying its recent weak performance gives investors a strong entry point. Johnson Controls — Shares of Building Controls rose 2.3% after Bloomberg News reported that Elliott Management had taken a stake worth more than $1 billion. Elliott has a track record as an activist hedge fund. Nvidia — Nvidia shares rose 2.5% after a number of analysts raised their price targets for the chipmaker’s shares ahead of quarterly results later this week. Microsoft, Dell Technologies — Microsoft shares added 1.2% ahead of the Build developer conference, which starts on Tuesday. Dell Technologies shares fell 2.7% as it held its own developer event. NextDecade – Shares jumped 14.8% after the UAE’s state oil company said it had acquired an 11.7% stake in NextDecade’s Rio Grande liquefied natural gas, or LNG, export project. NuScale Power – Nuclear energy shares rose 14.9%. Uranium stocks recently rose after President Joe Biden signed a bill banning imports of Russian uranium for nuclear fuel. Year to date, NuScale is up more than 100%. — CNBC’s Michelle Fox, Lisa Kailai Han, Alex Harring and Samantha Subin contributed reporting.
