Shares of Tesla Inc. TSLA,
rose 6.1% in pre-market session on Wednesday, after falling 7.7% amid a three-day drop, following the electric carmaker’s announcement of a 5-for-1 share Baird analyst Ben Kallo reiterated the neutral rating he has had on stocks since Jan. 9, while maintaining his price target of $ 1,658, about 21% higher than. Tuesday’s closing price was $ 1,374.39. Kallo wrote in a note to clients: “We believe the stock split is an acknowledgment of the fact that the market is increasingly being influenced by individual investors, including those looking for. The approach to the next generation of transportation. “Overnight stock strength shows investors opting to buy stocks positioned to benefit from the current cycle of upgrades to technology around traffic, renewable energy, and software that enables both. . ”
increased to 3.2%.
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