Workers of the Renner family during construction.
Justin Sullivan | Getty Images News | Getty Images
Check out the companies that made the biggest moves Monday at noon.
Dr. Horton, Renner, pult group Homebuilder shares rose on Monday after KeyBanc double upgrade Sector from underweight to overweight. Analyst Kenneth Zenner said home builders that have performed poorly this year tend to recover faster and more sharply than the broader market. Lennar’s stock was up about 2%, DR Horton was up more than his 2%, and PulteGroup was up nearly 4% his.
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array technology Solar stock has since jumped more than 3% Piper Sandler upgraded Array Technologies moved from neutral to overweight, saying the company has more upside with improved outlook.
Sun Opta SunOpta shares rose more than 5% after being designated. Cowen’s Top Picks“The company’s agnostic stance and capital execution offer strong growth prospects that are undervalued in the market,” wrote analyst Brian Holland, who gives the stock a buy rating, in a note. I’m here. His $15 price target means he’s up 55.9% from Friday’s close.
open door technologies Open Door fell 6% after Bloomberg reported i buyer suffered losses on 42% of resales in August. Like others in the housing industry, the company faces headwinds such as the housing recession and his over 6% mortgage rate.
auto zone AutoZone’s share price fell more than 2% as traders focused on a complex quarterly earnings report. The company’s gross margin of 51.5% was just short of StreetAccount’s estimate of 51.9%. Still, AutoZone last quarter he earned $40.50 a share, beating expectations of $38.51 a share.
NCRMore NCR shares fell nearly 3% after being downgraded from overweight to equal weight by Morgan Stanley. The company said the path to unlocking shareholder value was “unclear and trailing” after the enterprise payment solutions company announced Friday it would split into two companies.
Wicks Wix shares surged 11% after activist investor Starboard Value revealed it owns a 9% stake in the web development platform company. According to ReutersStarboard spoke to Wix about how it can improve operations for a company that has lost half its value this year.
coin base The stock price of the cryptocurrency exchange fell by more than 7%. Bitcoin price Slumping to its lowest level since June, traders continued to unwind short positions after the completion of the Ethereum merger. Cryptocurrency prices are largely macro-driven, and Coinbase’s revenue is heavily dependent on transaction fees.
Selavance BioPharma Theravance is up more than 3% after the announcement. $250 million share buyback program.
Airlines – united airlines, Alaska Airlines When american airlines was up more than 3%, the best performer in the S&P 500 on Monday.
Gamco Investors Shares of the investment firm led by Mario Gabelli plummeted nearly 12% after it announced it would voluntarily delist from the New York Stock Exchange after the bell on Friday. Gamco applied to trade its common stock on his OTCQX platform operated by OTC Markets Group.
ralph lauren The luxury clothing and home goods maker rose nearly 2% after investor updates showed high-single-digit sales growth.
Alexander Harring, Sarah Min, Jesse Pound, Tanaya Macheel, and Yun Li of CNBC contributed to the report.