Thinking of buying stocks on Alibaba, Oracle or Carnival?
One of the most common questions equities traders ask themselves is “Why is this moving?” “
This is why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one sentence description of why a stock is moving.
Analysts and brokerage firms often use ratings when making stock recommendations to stock traders.
Analysts get to stock quotes by researching public financial statements, communicating with executives and clients, and following industry trends.
Atlantic Equities analyst James Cordwell downgraded Alibaba Group Holding Ltd – ADR (NYSE: BABA) from Overweight to Neutral and lowered the price target from $ 185 to $ 140.
Alibaba is trading up 3.9% to $ 119.53.
Keybanc analyst Michael Turits demoted Oracle Corporation (NYSE: ORCL) from the overweighting to the sector weighting.
Oracle is trading down 1% to $ 90.66.
See also: Cathie Wood cuts Disney stake by 25% Monday amid Omicron concerns
Credit Suisse analyst Benjamin Chaiken maintained Carnival Corp (NYSE: CCL) outperformed and lowered the price target from $ 41 to $ 38.
Goldman Sachs analyst Stephen Grambling maintained Carnival with a neutral and lowered the price target from $ 24 to $ 21.
Carnival is trading up 5.1% to $ 19.86.