SMCI, CRBL, NKE, CAVA
CNBC • • business
Key Points:
- Super Micro Computer shares dropped 12% after announcing plans to raise $7 billion through equity-related deals to fund hardware component purchases.
- Cracker Barrel's stock surged nearly 11% following an increase in full-year revenue and adjusted EBITDA guidance, with fiscal third quarter earnings of 29 cents per share beating expectations.
- Nike shares declined nearly 2% after RBC downgraded the stock to sector perform, citing a slower and narrower turnaround than previously anticipated.
- Cava was upgraded by UBS from hold to buy due to its compelling growth potential, resulting in a 1% rise in its stock price.