Valero Energy Corporation (NYSE: VLO) shares are trading lower on Wednesday after Goldman Sachs downgraded the stock from Buy to Neutral and announced a price target of $68 per share.Valero Energy is one of the largest independent refiners in the U.S. It operates 14 refineries with a total throughput capacity of 3.1 million barrels a day in the U.S., Canada, and the U.K.Valero also owns 14 ethanol plants with a capacity of 1.7 billion gallons of ethanol a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 275 million gallons per year of renewable diesel.Valero Energy shares were trading down 4.13% at $63.43 at time of publication on Wednesday. The stock has a 52-week high of $101.99 and a 52-week low of $31.Related Links:BP Cuts 10K Jobs As Coronavirus Hits Oil DemandUSO Tanks After Oil ETF's Temporary Trading HaltLatest Ratings for VLO DateFirmActionFromTo Jun 2020Goldman...
Livongo Health (NASDAQ: LVGO) shares are trading higher on Wednesday, potentially amid concerns of a resurgence in U.S. coronavirus cases. The coronavirus has been a positive catalyst for the digital health space.Livongo Health provides a data science and technology enabled platform for detection of diabetes. Its additional solutions include Livongo for Hypertension, Livongo for Prediabetes and Weight Management, and Livongo for Behavioral Health by myStrength.The company's clients comprise of employers, health plans, government entities, and labor unions. Its operations are primarily located in the U.S.Livongo Health shares were trading up 4.21% at $69.32 at time of publication on Wednesday. The stock has a 52-week high of $71.12 and a 52-week low of $15.12.Related Links:Livongo Health Shares Open Well Above IPO PriceLivongo Health IPO: What You Need To KnowSee more from Benzinga * Second Wave Of Coronavirus Hits China's Capital Beijing * Oracle Reports Mixed Q4 Earnings * Why Remark's Stock Is...
United Airlines sweetened on Tuesday a voluntary exit package for frontline employees like flight attendants and gate agents, saying it needed "a lot more people to sign up" to avoid involuntary layoffs in October, according to a staff email seen by Reuters. The email, sent 48 hours before a June 18 deadline, said that although "thousands" have signed up for the voluntary exit package so far, the number is not enough. United extended the deadline to July 8....
Last week was grim for the stock market, including the worst single-day loss since March, but the trend lines are turning upwards again this week. Treasury Secretary Mnuchin’s statement that the US cannot shut down its economy again gave investors a boost of confidence – and this week’s May retail sales report gave an even bigger one.This is the good news background lending credence a recent report from Morgan Stanley, on finding the advantageous tech position for a V-shaped recovery. The report, lead-authored by 5-star analyst Joseph Moore, details the strengths and weaknesses of the tech sector as companies respond to the economic recovery and the resumption of a more normal consumer activity. Moore pinpoints three tech stocks that are likely to gain – and upgrades their ratings in consequence.We’ve used the TipRanks database to pull the details on these three tech stocks, to find out what makes them such compelling...
