- Shares of Ford Motor Company (NYSE:F) F fell 0.1% after the company said that it will idle production of its f-150 trucks at its Michigan factory over the weekend owing to global shortage of semiconductors.
- Annaly Capital (NYSE:NLY) Management, Inc.’s NLY shares gained 1.2% after it struck a deal with investment firm Slate Asset Management to sell its commercial real estate business for $2.33 billion.
- Shares of Nio (NYSE:NIO) Limited NIO declined 4.8% after the company announced that it will temporarily halt production of its electric vehicles in Hefei, China due to the global semiconductor shortage.
- Progress Software (NASDAQ:PRGS) Corporation’s PRGS shares rallied 5.9% after the company reported first-quarter fiscal 2021 non-GAAP earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.75 per share.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ford Motor Company (F): Get Free Report
Progress Software Corporation (PRGS): Free Stock Analysis Report
Annaly Capital Management Inc (NLY): Get Free Report
NIO Inc. (NIO): Get Free Report
To read this article on Zacks.com click here.
Zacks Investment Research