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Today's Morning Movers and Top Ratings: NVDA, ORCL, AVGO, PARA and More

Movers and Shakers wrote a column · Jun 12 08:05
Morning Movers
Gapping up
$Oracle(ORCL.US)$ The cloud services company's shares advanced nearly 8% after announcing deals with Google and OpenAI, including plans to make its database available on Google Cloud and partnering with Microsoft and OpenAI for additional computing capacity.
$Rentokil Initial PLC(RTO.US)$ U.S.-listed shares of the British pest control company surged 12% following news that Nelson Peltz’s Trian Partners had taken a significant stake in the firm.
$Klaviyo(KVYO.US)$ The marketing automation stock increased by nearly 4% after an upgrade at Barclays to overweight from equal weight, citing Klaviyo as a “rare bright spot among peers.”
$Rubrik(RBRK.US)$ Shares rose 3.5% after the cloud data management company reported first-quarter revenue of about $187 million, exceeding the approximately $172 million analysts had expected.
$Broadcom(AVGO.US)$ Shares moved up 1.7% in anticipation of Broadcom’s quarterly earnings report, with the stock having soared more than 30% year to date.
$Caseys General Stores(CASY.US)$ Shares gained 5% after the company reported earnings per share of $2.34 and revenue of $3.6 billion, surpassing the expected figures of $1.72 per share in earnings and $3.47 billion in revenue.
$NVIDIA(NVDA.US)$ shares gained 1.89% after the Labor Department Statistics announced that the US annual inflation rate dipped to a three-month low of 3.3%, defying expectations that it would remain steady at April's rate of 3.4%.
Gapping down
$Paramount Global-B(PARA.US)$ Shares fell 2.3% following reports that National Amusements halted merger discussions with Skydance involving Paramount.
$Birkenstock(BIRK.US)$ The stock dropped 2.7% after Goldman Sachs downgraded it to neutral from buy, noting that while the investment thesis remains positive, the shares have outperformed the broader luxury peer group, with a 21% rise year to date.
Source: CNBC;
US Top Rating Updates on 06/12
Today's Morning Movers and Top Ratings: NVDA, ORCL, AVGO, PARA and More
Source: Dow Jones
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