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NVIDIA Down Before Earnings; Textron, Wave Life Sciences and Shopify Downgraded

  • May 24th, 2023
  • 199 views

NVIDIA Corporation (Nasdaq: NVDA) is scheduled to announce its financial results for the first quarter of fiscal-year 2024 on Wednesday after the closing bell. Market participants are eagerly awaiting this announcement to gain insights into the company's performance and outlook.

$NVDA is currently trading at $304.01, experiencing a decline of $2.87 or 0.94%. 

In other news, Textron Inc. (NYSE: TXT) has been downgraded from Buy to Hold by Vertical Research. This decision by Vertical Research might influence market sentiment towards Textron, a multi-industry company that manufactures various products, including aircraft, defense equipment, and industrial machinery. 

$TXT is trading at $62.58 in intraday, down $1.39 or 2.17%

Similarly, Wave Life Sciences Ltd. (Nasdaq: WVE) has faced a downgrade from Buy to Hold, with Jefferies also lowering the price target from $7 to $5. 

In intraday, $WVE is trading at $3.49, witnessing a decline of $0.32 or 8.40%

Furthermore, Shopify Inc. (NYSE: SHOP) has experienced a downgrade from Neutral to Underperform by Exane BNP Paribas. 

$SHOP is currently trading at $59.28, showing a positive movement of $0.95 or 1.63%.

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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