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Now time for some of today’s trending tickers. We are watching Workday, FedEx and Unilever.
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First up, Workday. Shares on the rise after the company hosted its analyst day, several analysts upgrading the stock following the event.
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An activist investor Elliott Management said on Tuesday it has built a stake of more than $2 billion in the human resources software provider.
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Elliott also expressed confidence in the company, citing substantial progress in recent years.
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Next up is FedEx, Evercore ISI downgrading the package shipment company to in-line from outperform.
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Analyst Jonathan Chappel cites, quote, ongoing demand headwinds that are likely to provide greater risk to near-term EPS estimates.
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The stock has held up well recently, suggesting to the analyst, quote, little relative upside to the shares in the near term, particularly if estimates continue moving lower.
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By the way, this call coming ahead of FedEx’s earnings, which are due, uh, tomorrow.
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FedEx earnings tomorrow.
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Finally, Unilever, the parent company of Ben and Jerry’s seeing a high-profile exit at its ice cream brand.
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Ben & Jerry’s co-founder, Jerry Greenfield, he’s resigning from the ice cream company he founded in 1978.
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He says the brand’s freedom to speak out on social issues has been stifled by Unilever.
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The exit comes as the consumer giant prepares to list its ice cream unit as a standalone firm in mid November.
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As always, you can scan the QR code below to track the best and worst performing stocks with Yahoo Finance’s trending tickers page.
