Microsoft — Shares were up about 2% after the tech giant increased its quarterly dividend by 10.7% to 83 cents per share.
Shopify — Shares of the e-commerce stock gained 2.6% after Redburn Atlantic upgraded Shopify to buy from neutral.
Shopify should continue gaining market share as the U.S. social e-commerce market appears poised for explosive growth over the next few years.
AppLovin — The mobile software company rose more than 2% after UBS upgraded shares to buy from neutral.
Gannett — Citi upgraded the newspaper company to neutral from sell, sending shares higher by 4%.
Persons:
Jefferies, Dell, AppLovin, Gannett, —, Fred Imbert, Sarah Min, Sean Conlon, Michelle Fox Theobald
Organizations:
Microsoft, Intel, Dell Technologies, Mizuho Securities, UBS, Gannett — Citi
Locations:
4Q24