Check out the companies making headlines in midday trading: Hims & Hers Health — Shares surged more than 30% after the telehealth company introduced access to compounded GLP-1 injections, expanding on the weight loss program it launched in December. Wix.com — The web development company jumped more than 25% after it posted better-than-expected first-quarter results. It also raised its full-year guidance on free cash flow. Norwegian Cruise Line — The cruise line operator jumped more than 8% after Norwegian Cruise Line lifted its full-year earnings guidance. It also reported better-than-expected first-quarter results. Target — The retail stock fell 2.2% after Target said it will cut prices on roughly 5,000 frequently purchased goods to bring back consumers “feeling pressured” by higher prices. Li Auto — The U.S.-listed shares of the Chinese electric vehicle maker tumbled 13% after Li Auto posted first-quarter earnings that came in weaker than expected, as well as softer guidance for current-quarter revenue. Teradyne — Shares rose more than 5% after Goldman Sachs upgraded the semiconductor testing equipment maker to buy. The bank said a cyclical recovery within its system-on-chip design test business could spur future stock outperformance. GameStop — The video game retailer fell more than 11%, giving back some of its sharp gains from last week as the latest meme stock craze faded. Micron Technology — The chip stock moved 3% higher following an upgrade by Morgan Stanley to equal weight from underweight . The bank said it had overestimated how much last year’s losses would weigh on the stock’s valuation and underestimated the economic and narrative elements of artificial intelligence memory. Hasbro — Shares gained 3% after Morgan Stanley called Hasbro a top pick, saying its recent underperformance gives investors a strong entry point. Johnson Controls — The building controls stock added 3% after Bloomberg News reported that Elliott Management has built out a stake of more than $1 billion. Elliott is known for its track record as an activist hedge fund. Nvidia — Nvidia shares added 2% after a slew of analysts upped their price targets on the chipmaker ahead of its quarterly results later in the week. Microsoft , Dell Technologies — Microsoft gained more than 1% ahead of its Build developer conference that kicks off Tuesday. Dell Technologies shares dipped slightly as it holds its own developer event. NextDecade — Shares jumped more than 13% after the UAE’s state-owned oil company said it secured a 11.7% stake in NextDecade’s Rio Grande liquefied natural gas, or LNG, export project. NuScale Power — The nuclear power stock surged 15%. Uranium stocks have recently gained 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.
Source: www.cnbc.com