Pentair — Shares of pool water treatment company Pentair gained 2% after being upgraded by Stifel to buy from hold. The firm said challenges to the pool industry are “well understood and at least fully priced in.”
TuSimple Holdings— The self-driving truck startup TuSimple’s stock jumped 8.1% after the Wall Street Journal reported the company is cutting its staff in half, citing people familiar with the matter. TuSimple had about 1,430 employees as of June.
Warner Music Group — Shares gained 2.5% following an upgrade to overweight from Atlantic Equities. Analysts said the stock could gain more than 20% as the global music streaming market grows.
NRG Energy — NRG Energy’s stock was up 1.7% after being upgraded to neutral from underperform by Bank of America. The firm said the stock is now at fair value, following an early December sell off on its acquisition of smart-home platform Vivint.
Coinbase — Shares of Coinbase slid 3.16%, hitting a fresh 52-week low, as the fallout of FTX continues to slam the crypto industry. The stock is down more than 85% this year.
