Unity Software Inc (NYSE:U) saw its price target boosted by Wedbush analysts to $55 from $50, who also added the company to its Best Ideas List, citing strengthening momentum across its game engine and mobile advertising businesses.
Unity shares traded up 4.8% at about $45 on Tuesday afternoon.
Century Lithium Corp. (TSX-V:LCE, OTCQX:CYDVF) said it has achieved high recovery rates of rare earth elements (REEs) from lithium leach solutions at its Angel Island project in Nevada, signaling potential for additional revenue streams alongside lithium production.
Initial test work showed that REEs, including dysprosium, gadolinium, neodymium, and praseodymium, as well as critical metals such as scandium, lanthanum, and cerium, can be extracted with minimal impact on lithium recovery. Cesium was also detected in the leach solutions.
Boeing Co (NYSE:BA, XETRA:BCO) shares added almost 10% on Tuesday after its CFO Jay Malave said the company’s recovery is "in full force" when speaking at the UBS Global Industrials and Transportation Conference.
Malave highlighted that Boeing plans to complete its acquisition of Spirit AeroSystems by the end of this year, despite noting that November aircraft deliveries were “a little light.”
Shopify Inc (TSX:SH., NYSE:SHOP) said its merchants recorded a record $14.6 billion in sales over the Black Friday-Cyber Monday weekend, up 27% from a year earlier, as online shopping showed continued strength.
From early Friday in New Zealand to late Monday in California, more than 81 million customers worldwide bought from brands powered by Shopify, with an average cart value of about $115. Peak sales reached $5.1 million per minute on Black Friday.
Signet Jewelers Limited (NYSE:SIG) reported third-quarter results that beat expectations, but the company’s cautious guidance for the holiday season sent its shares down 3.5% in early trading.
For the three months ended October, Signet posted revenue of $1.39 billion, up 3.1% from a year earlier. Same-store sales rose 3%, marking the third consecutive quarter of positive growth, driven by high single-digit gains in both the bridal and fashion categories.
Credo Technology (NASDAQ:CRDO) shares surged almost 15% as it reported fiscal second quarter earnings that topped Wall Street estimates, driven by rising demand for its AI-driven connectivity solutions.
For the quarter ended November 1, revenue was up 20.2% year-over-year at $268 million, ahead of estimates of $234.67 million.
MongoDB Inc (NASDAQ:MDB) shares jumped 25% on Tuesday after the cloud database company posted strong third-quarter results and raised full-year guidance, boosted by rising demand for its Atlas platform and AI-driven enterprise adoption.
The company reported revenue of $628.3 million for the quarter ended November 30, up 18.7% from a year earlier and above analysts’ $593.9 million estimate.