With earnings season beginning to ramp up, American Airlines ( NASDAQ: AAL ) got a boost in Tuesday's midday trading after releasing preliminary revenue figures. Signs of growth prompted a double-digit percentage rise in the stock price.
Elsewhere, Herbalife ( HLF ) also showed strength in intraday action. Shares rallied on an analyst's upgrade.
Wall Street commentary had the opposite impact on 1Life Healthcare ( ONEM ), with a downgrade from Deutsche Bank weighing on the stock. Meanwhile, Fulcrum Therapeutics ( FULC ) lost ground following a major executive departure.
Gainers
American Airlines ( AAL ) received significant buying interest in midday trading, bolstered by the release of preliminary revenue . Shares rose nearly 11% on the news.
The airline said it expects its top-line figure to rise 12% in Q2 compared to last year. AAL reported that its capacity, as measured by available seat miles, remains 8.5% below the pre-pandemic levels of 2019. However, total revenue per available seat mile is projected to be nearly 23% above 2019 levels.
Herbalife ( HLF ) also showed intraday strength. A bullish analyst comment sparked a 16% increase in shares of the multi-level marketer of dietary supplements.
Jefferies upgraded its rating on the stock to Buy from Hold. Saying its decision was "price discovery-driven," the firm argued that HLF has reached a valuation that provides "asymmetry with an upside skew."
Decliners
An analyst's downgrade prompted selling in 1Life Healthcare ( ONEM ). Deutsche Bank slashed its rating on the chain of primary healthcare clinics to Hold from Buy .
Explaining the more cautious outlook, analyst George Hill pointed to growth challenges likely in a slowing economy. The downgrade inspired a 4% slide in the ONEM.
Fulcrum Therapeutics ( FULC ) represented another notable decliner in midday trading, falling 4% on news that its chief medical officer is leaving the company . The firm said Christopher Morabito is departing this week, with R&D president Judith Dunn taking over on an interim basis.
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Hot Stocks: AAL rises on preliminary revenue; HLF upgrade; ONEM downgrade; FULC slides