Today's charts: Sen. Warren calls for removal of 12 Wells Fargo board members; Costco drops on downgrade; Hasbro hits all-time high
Yahoo Finance is tracking Wells Fargo, Costco, Hasbro and TripAdvisor in intraday trading on Monday.
Wells Fargo (WFC) – Senator Elizabeth Warren (D-Mass.) is calling for the removal of 12 Wells Fargo board members due to their roll in the bank’s fake account scandal, according to a letter reviewed by The Wall Street Journal that was sent by Warren to Federal Reserve chair Janet Yellen. The 12 board directors named in Senator Warren’s letter are John D. Baker II, John S. Chen, Lloyd H. Dean, Elizabeth A. Duke, Enrique Hernandez, Donald M. James, Cynthia H. Milligan, Federico F. Pena, James H. Quigley, Stephen W. Sanger, Susan G. Swenson and Suzanne M. Vautrinot.
Costco (COST) – Deutsche Bank downgraded Costco to hold from buy following Amazon’s $13.7 billion deal to acquire Whole Foods. Analyst Paul Trussell wrote in a note to clients that the Whole Foods deal is a “game changer” and puts Costco’s “membership renewal at risk for decline.” Costco shares have declined about 3% over the past three months.
Hasbro (HAS) – The company has launched its first-ever gaming subscription service called Hasbro Gaming Crate. Customers will be able to pay $49.99 plus shipping to receive a collection of three board games delivered to their doorstep. Crates will ship once every three months.
TripAdvisor (TRIP) – Credit Suisse downgraded the travel site to underperform from neutral and cut its price target to $34. Analyst Paul Bieber warns that a higher 2018 television advertisement forecast could weigh on TripAdvisor’s business. The stock has declined about 21% since the start of the year.
For more on Monday’s big stock movers, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.
