In today’s stock market lists, the first company is Huntsman Corp. that has gained a 6% increase in its share prices. The rise in the share prices for Huntsman Corp. was observed following the recent stake acquisition carried out by Starboard Value in the chemical making company. Starboard Value is an activist hedge fund that has reportedly acquired an 8.4% stake in Huntsman Corp. This information has been authenticated by the analysts from Huntsman Corp. Starboard Value announced that according to its analysts, the share prices for Huntsman Corp. were largely undervalued by other analysts. The team announced that they are going to benefit from the situation and work to improve the performance and value of the shares.
The next company on the list is United Natural Foods that has experienced a 23% rise in share prices. The share price increase was observed after the company shared the earnings report for the recently ended quarter. The company reported that its generated earnings are much higher than the estimations made by the analysts. According to analysts, the earnings had been estimated to be 80 cents per share, while the company achieved $1.18 per share. However, the revenue the company generated was lower than what the analysts had predicted for the particular quarter. The company revealed that due to the pandemic, a significant demand rise was observed for the products manufactured by United Natural Foods.
The next company on the list is Thor Industries that has experienced a 7.9% increase in its share prices. The vehicle-making company experienced a rise after sharing its earnings report for the recent quarter. The company reported that its actual earnings were much higher than the estimations made by the analysts. According to the consensus from the analysts, the estimated earnings were set to $2.92 per share. However, the vehicle-making company successfully generated earnings worth $4.12 per share. The company reported that the revenue it generated was even higher than the estimations made by the analysts from Wall Street. The company cited that the rise in share prices was due to high demand for the RVs.
The next company on the list is FactSet that has experienced a 3.8% rise in its share prices. The software and financial data company revealed that the earnings it generated in the recent quarter were higher than estimations made by Wall Street analysts. The company reported that the Wall Street analysts had estimated the company’s earnings to be $2.72 per share with a $405 million revenue. However, the company has achieved earnings worth $2.88 per share and $412 million in the form of revenue. The company is also aiming for a bright outlook for the upcoming quarters.