Company News for July 7, 2022

  • KRNT shares of Kornit Digital Ltd. fell 25.7% after the company cut its financial guidance for the second quarter of 2022 and gave a lukewarm outlook for the third quarter.
  • Shares of Rivian Automotive Inc. RIVN jumped 10.4% following the company’s reaffirmation of delivering 25,000 electric vehicles this year.
  • AMZN shares of Inc. rose 0.7% following the company’s decision to acquire a 2% stake in U.S.-based food delivery company Just Eat UK, Grubhub.
  • Shares of Target Corp. TGT fell 0.2% following the company’s decision to introduce a new set of back-to-school benefits and promotions.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Karen J. Nelson