Trending Stocks and more
Stocks slid Tuesday while bond yields climbed to their highest levels since 2007 as the Federal Reserve’s two-day September meeting got going.
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Marketwatch:
Instacart (CART):Shares slipped around 5%
Klaviyo (KVYO): Traded above its IPO price
Pinterest (PINS): Stock jumped more than 4%
General Mills (GIS): Shares traded lower
Ford Motor (F): shares edged lower#trending #stocks pic.twitter.com/nlLYj5WmSk— The_Journalbiz (@the_journalbiz) September 20, 2023
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Instacart (CART): Shares of the grocery-delivery company slipped around 5% in afternoon trading. They rose 12% in their trading debut Tuesday.
Klaviyo (KVYO): In the wake of Arm and Instacart, marketing automation company Klaviyo made its market debut Wednesday afternoon, rising above its IPO price.
Pinterest (PINS): The social-media company’s stock jumped more than 4% after analyst upgrades followed Pinterest giving an accelerated revenue-growth forecast at its investor day.
General Mills (GIS): The maker of Lucky Charms cereal and Bisquick pancake mix posted higher sales in its latest quarter. General Mills’ shares wavered, recently trading lower.
Ford Motor (F): The automaker reached a tentative labor deal with Canadian union Unifor, avoiding what could have been a second strike at its operations in less than a week. Ford shares edged lower.
Goldman Sachs (GS): The bank is in advanced discussions to sell specialty lender GreenSky to a group of investment firms, The Wall Street Journal reports.
