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The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data.
Take a look at some of the stocks on the move today.
We can do that with Christine Aquino.
Christine, what are you looking at today? All right, Paul, let's take a look at Micron this morning. Very much green today and keeping with the rest of the market, so ticker MU. Those shares are now extending their opening gains up more than three percent at the moment. We have a pair of more optimistic analysts assessments here for
the stock. So first Key Mack analyst John then reiterating his over rating on the stock and six hundred dollars price Siger that, by the way, is a sixty four percent gain from Friday's close, so very very positive on the stock there. And then we also have Miso Ho's VJ raqsh saying that investors should take advantage of the weakness in shares of memory and storage stocks, which Micron is one of them, and also affirmed his outperform rating
on the stock. So that's enjoying a little bit of a lift there at the moment, All right, good stuff. Second on your list, Let's take a look at Dow. So this is Dow chemical ticker Dow. More analyst action here, but to the downside unfortunately, and so those shares now extending their losses there. Down about a two point six percent at the moment, and that's because we have Bank of America downgrading the stock and they're saying that detailments
from the war are unsustainable. So according to Bank of America, there's about a ten cent per pound premium in chemical prices for twenty twenty seven, but that's not necessarily going to be good for demand, and they are seeing upside peeking in the second quarter of this year, So not a very optimistic pronouncement for the future of the stock. One more force, let's take a look at Carvana. So CVNA is a ticker there that's also not having a not so much of a good day. It's down about
one percent at the moment. Bank of America coming in with more email's actions here once again they did downgrade a stock to neutral from buy previously. And ana's Michael McGovern saying that the recent oil shock potentially pressures an already stretched lower end middle income consumer. Granted, their price is still set a three hundred and sixty dollars, which
still is about a fifteen percent increase from the last close. Interestingly, Carvana currently has seventeen buys, seven holds, and two sell ratings, and so potentially more room for other italysts to downgrade at stock.
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