Top trend Yahoo Finance after-hours tickers:
apple (AAPL): Credit Suisse upgraded Apple to overweight from neutral and raised its price target on the stock to $201 per share, implying a 16% upside from Tuesday’s close. Analyst Shannon Cross pointed to Apple’s growing services business and large customer base as a bullish driver for the stock. Apple shares are up 15% in the past month.
Digital World Acquisition Corporation (DWAC): Digital World Acquisition Corp., the SPAC slated to merge with Trump’s media company, delayed its earnings report, noting in a filing that “additional time is needed to prepare the financial statements” for the latest quarter. Digital World Acquisition Corp. expects to be able to file its Form 10-Q within the five-day grace period. The delay follows DWAC asking shareholders to vote in favor of extending the deadline for closing the Trump Media deal by one year to September 8, 2023.
Cassava Science (SAVA): The stock jumped after it was revealed that board member and well-known investor Sanford Robertson had bought 100,000 shares of the company worth just over $2 million. Regulatory filings revealed that Cassava CFO Eric Schoen also bought shares earlier this month, a total of 2,500 shares for $19.95 per share.
Canoo (GOEV): Shares of the electric vehicle startup jumped in after-hours trading after a Form 4 filing showed CEO and chairman Tony Angila increased his stake in the company. Anguilla bought 200,000 shares at $3.99. Earlier this month, Canoo reported that its losses widened in the second quarter, prompting Roth Capital to cut its rating on the stock to neutral from buy and cut its price target to $3.50 per share.