Plug Power, Humana, Paramount: Trending Tickers
Plug Power (PLUG) will sell up to $1 billion in shares as part of a stock offering plan.
Humana (HUM) shares fall after cutting its full-year forecast on rising medical costs.
CFRA upgraded Paramount (PARA) to a "Buy," citing an "attractive entry point" and said proceeds from its sale of Simon Schuster could be used to pay down debt.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Video Transcript
BRAD SMITH: About 30 minutes into the trading day, let's take a look at how things are shaping up in the US equity markets. Stocks mixed as Taiwan semiconductors strong fourth quarter results boost tech stocks here today.
SEANA SMITH: All right, Brad. Let's take a look at some of those individual names that are trending here at "Yahoo Finance." First, Plug Power, one of the top trender. Shares sinking. You can see losses of just about 15%. This coming, after the company continues to face liquidity challenges. And a SEC filing on Wednesday showing that the clean energy company will sell up to $1 billion of shares.
BRAD SMITH: Plus we're also tracking Humana. Taking a hit this morning, as the health insurance company cut its full year forecast thanks to higher than expected medical costs. This comes as no surprise as the company's third quarter saw high inpatient utilization in its Medicare Advantage business.
Now, Humana is the second big insurer to face higher costs. UnitedHealth Group also reported a jump in its latest report. That was just last week.
SEANA SMITH: And Paramount getting a boost today as CFRA Research is saying that the current stock price is at quote, "an attractive entry point." Upgrading the stock to buy. The analysts citing that the company's recent sale of Simon and Schuster leaves them with $1.6 billion and the ability to pay down debt.
