Plug Power (PLUG) will sell up to $1 billion in stock as part of a stock offering plan.
Humana (HUM) shares fell after cutting its full-year forecast due to rising medical costs.
CFRA analysts describe Paramount (PARA) stock as being at an “attractive entry point” in their upgrade to a “buy” rating.
For more expert insights and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor’s Note: This article was written by Luke Carberry Maughan.
Video version
Brad Smith: About 30 minutes into the trading day, let’s take a look at how things are developing in the US stock markets. Stocks were mixed as strong fourth-quarter results for semiconductors in Taiwan boosted technology stocks here today.
Sina Smith: Okay, Brad. Let’s take a look at some of those individual names that are trending here at Yahoo Finance. First, plug in the power, one of the best popular products. Stocks sank. You can only see losses of around 15%. This comes after the company continues to face liquidity challenges. The clean energy company will sell up to $1 billion in stock, a Securities and Exchange Commission filing on Wednesday shows.
Brad Smith: Plus we also track Humana. It took a hit this morning, as the health insurer cut its full-year outlook thanks to higher-than-expected medical costs. This comes as no surprise as the company’s third quarter saw inpatient utilization rise in its Medicare Advantage business.
Now, Humana is the second-largest insurer facing higher costs. UnitedHealth Group also reported a jump in its latest report. That was just last week.
Sina Smith: Paramount is getting a boost today as CFRA Research says the stock is currently at, “an attractive entry point.” Upgrade inventory for purchase. Analysts point out that the company’s recent sale to Simon and Schuster leaves them with $1.6 billion and the ability to repay debt.