One of the most common questions traders have about stocks is “Why Is It Moving?”
That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why a stock is moving.
Analysts and brokerage firms often use ratings when they issue stock recommendations to stock traders.
Analysts arrive at stock ratings by researching public financial statements, communicating with executives and customers and following industry trends.
RBC Capital analyst Joseph Spak maintained Tesla Inc (NASDAQ: TSLA) with a Sector Perform and raised the price target from $745 to $755.
Tesla is trading higher by 2.4% at $793.98.
RBC Capital analyst Joseph Spak maintained Lordstown Motors Corp (NASDAQ: RIDE) with an Underperform and raised the price target from $1 to $5.
Lordstown Motors is trading lower by 6.4% at $6.12.
Oppenheimer analyst Jason Helfstein downgraded ContextLogic Inc (NASDAQ: WISH) from Perform to Underperform and announced a $4 price target.
ContextLogic is trading lower by 6.4% at $5.01.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.