These 2 Monday-Mover Stocks Are Flying Higher
The stock market appeared poised to give back some ground on Monday, pausing after a huge rally that lasted just about the entire month of November and continued into last week. After seeing bond yields fall sharply, some new speculation arose over the weekend that financial markets might have gotten ahead of themselves with their enthusiasm. Even so, declines in key market benchmarks were limited to about 0.5% to 1%, just a fraction of their gains recently.
Even amid a gloomy market environment, a pair of stocks got news that sent them higher. Hawaiian Holdings (NASDAQ: HA) was by far the better performer of the two, as the airline stock nearly tripled on news of a possible acquisition. Yet even though Uber Technologies (NYSE: UBER) saw a much smaller rise and at least for now remains firmly on the ground, some shareholders see future applications that could take its business into the air as well. Here are all the details.
Shares of Hawaiian Holdings were up 175% in premarket trading on Monday morning. The parent company of Hawaiian Airlines got a huge boost from a rival carrier's takeover bid.
Source Fool.com
Uber Technologies Inc Stock
The stock is an absolute favorite of our community with 76 Buy predictions and no Sell predictions.
With a target price of 78 € there is a slightly positive potential of 19.14% for Uber Technologies Inc compared to the current price of 65.47 €.
