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Markets Journal 06/18/2020

  • Rad Universe Top Movers:
    • Enphase Energy ENPH: +17.11%
    • Sonos SONO: -11.49%
    • Roku ROKU: +8.92%
  • Another 1.51 million Americans (expected 1.29 million) workers file for unemployment benefits: Initial Jobless Claims
    • Last week’s 1.54 million claims figure was revised to 1.57 million claims
  • Notable Analyst actions:
    • Credit Suisse upgraded Church & Dwight Co. CHD rating from Neutral to Outperform and raised price target from $74 to $85
    • Morgan Stanley upgraded Zscaler ZS rating from Underweight to Equal-Weight and put a price target of $104
    • RBC Capital Markets upgraded Paylocity PCTY rating from Sector Perform to Outperform and raised price target from $120 to $155
  • Interesting Insider Trade(s):
    • John C. Malone, Chairman of the Board at Formula One Group FWONA sold ~$18 million worth of Liberty SiriusXM LSXMA stock on June 18, 2020
    • Albert E Rosenthaler, Chief Corporate Development Officer at Liberty Media Corporation sold ~$67 million worth of Liberty SiriusXM LSXMA stock on June 18, 2020
  • Major Moves:
    • Coupa Software COUP reached an all time high at $258.21
    • Match Group MTCH reached an all time high at $86.34
    • BlackLine BL reached an all time high at $80.79
    • InterActiveCorp IAC reached an all time high at $303.69
    • PayPal reached an all time high at $166.93

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