DoorDash, MicroStrategy, ZipRecruiter and more

Try the businesses making headlines in noon buying and selling.

DoorDash — Shares of DoorDash added 3.55% after the food delivery company announced a partnership with Albertsons on same-day grocery supply from almost 2,000 shops. “Leveraging our intensive logistics community and Albertsons’ extensive collection of contemporary groceries, we’re making a one-stop store for purchasers to entry any of the necessities they want, delivered to their doorstep inside an hour,” Fuad Hannon, head of recent verticals at DoorDash, mentioned in a press launch.

MicroStrategy — Enterprise intelligence agency MicroStrategy’s inventory fell 9.7% after the price of bitcoin fell under $32,000 for the primary time since June 8. The corporate, which already held tens of hundreds of bitcoins on its steadiness sheet, bought 13,005 units of the digital currency Monday morning, bringing its complete bitcoin holdings to greater than 100,000, price greater than $3 billion.

Coinbase — Shares of the most important cryptocurrency trade within the U.S. fell 2.9% following bitcoin’s worth decline. Coinbase’s enterprise to this point is intently tied to the value of bitcoin and ether, although that will change sooner or later because it expands.

Nvidia — The semiconductor inventory shed 1.1% after bitcoin dropped. The corporate makes chips utilized in cryptocurrency mining.

Raven Industries — Shares of Raven Industries soared 49.3% after the agriculture know-how firm introduced it might be acquired by CNH Industrial for $58.00 per share, or $2.1 billion. The promoting worth per share was a 33.6% premium to Raven Industries’ four-week volume-weighted common inventory worth.

ZipRecruiter — Shares of the corporate jumped 11.6% after Goldman Sachs and Evercore ISI began coverage on the stock with buy-equivalent scores. “We imagine the danger/reward in proudly owning ZIP shares into a positive employer demand setting is constructive,” Goldman mentioned. The agency sees shares rising to $28, which is about 32% increased than the inventory’s closing worth on Friday. Evercore has a $31 worth goal on the inventory.

Boston Beer — The beverage inventory rose about 1.7% on Monday after Guggenheim named Boston Beer one in every of its finest concepts. The agency said in a note that concerns about slowing retail gross sales for alcohol have been overshadowing robust development for the corporate’s Really model.

Paylocity — Paylocity shares elevated 2% after Cowen named the cloud-based payroll and human capital administration software program firm a top idea. The financial institution referred to as Paylocity an “engaging” development funding.

Nike — Shares of Nike rose 1.3% after Telsey reiterated its rating on the sportswear model as outperform. The Wall Avenue agency mentioned Nike doubtless faces some “near-term pressures” however the constructive momentum is continuous. Telsey famous that demand for athletic attire, footwear and Nike merchandise within the U.S, was robust.

Uber — Uber’s inventory dipped 3.2% regardless of being named a top pick for the second half of 2021 by Financial institution of America. The Wall Avenue agency mentioned a number of essential catalysts are coming for Uber, together with potential IPOs within the sector that would change comps or asset values, aggressive launches, and the tip of U.S. unemployment stimulus.

Figs — Figs shares added 17% after Credit score Suisse and KeyBanc initiated coverage of the medical attire firm with outperform and overweight ratings. “FIGS is disrupting the innovation-starved and stagnant $12B US healthcare attire trade by reengineering the core scrubs class, utilizing cues from efficiency sportswear manufacturers (like Lululemon) to exchange low-fashion, ill-fitting incumbents,” Credit score Suisse mentioned in a word.

— CNBC’s Tanaya Macheel, Yun Li, Maggie Fitzgerald, Pippa Stevens and Jesse Pound contributed reporting