"Warby Parker's Stock Soars on Upgrades, Making Big Moves in the Market"

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Source: CNBC
"Warby Parker's Stock Soars on Upgrades, Making Big Moves in the Market"
Photo: CNBC
TL;DR Summary

Warby Parker's shares rise after an upgrade by Evercore ISI, while Trex's stock declines despite a buy rating from Goldman Sachs. Eli Lilly plans to acquire cancer therapy developer Point Biopharma, causing its shares to slump, while Point Biopharma's shares surge. Rivian Automotive's stock drops despite exceeding delivery estimates, as concerns about softening EV demand persist. Airbnb's shares fall after being downgraded by KeyBanc due to anticipated margin squeeze. McCormick's stock slips after reporting earnings in line with expectations. Meta considers charging EU users a monthly fee to access Facebook and Instagram without ads. Fiverr International's shares gain after an upgrade by Roth MKM, and Ally Financial's stock loses value despite a tactical outperform rating.

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