BB - Hot Stocks: PYPL crypto fees; AA climbs as aluminum prices rise; BB upgrade; GRPH earnings
The war in Ukraine and the related geopolitical consequences continued to roil markets during Monday's midday action. As part of this process, a spike in aluminum prices sparked a double-digit percentage move in Alcoa (NYSE:AA). Turning to more mundane Wall Street headlines, Blackberry (BB) got a lift from an analyst's upgrade. On the downside, PayPal (PYPL) was weighed down by a report that it was raising fees for smaller cryptocurrency transactions. At the same time, earnings news sent Graphite Bio (GRPH) tumbling. Gainers Shares of aluminum producer Alcoa (AA) rallied in intraday trading as aluminum prices surged. The commodity advanced more than 5% in early trading after Australia banned exports of alumina and aluminum ores to Russia. Amid concerns about aluminum supplies, AA advanced 10% in midday action. BlackBerry (BB) represented another notable gainer in intraday action, bolstered by an analyst's upgrade. Arguing that the stock's "valuation had normalized," RBC
For further details see:
Hot Stocks: PYPL crypto fees; AA climbs as aluminum prices rise; BB upgrade; GRPH earnings