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FireEye Inc (NASDAQ:FEYE) shares are trading higher by $1.00 (7.5 percent) at $12.49.
In a rare move by Wall Street analysts, Goldman Sachs flipped its Sell rating into a Buy rating. On most occasions, analysts will incrementally adjust their ratings reflecting their negative or positive view towards a company.
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FireEye's stock, which got off the mat on March 20 when it rallied from $10.73 to $11.61, appeared to lose momentum until today's surprise move by Goldman Sachs.
After a higher open, the stock had a brief retreat to $12.28 before continuing its move higher. So far, the continuation rally has taken it to $12.73. That marks its highest level since February 2, when it peaked at $13.26 and closed the session at $12.97. The following day it declined to $10.93 following its Q4 beat and lower Q1 guidance.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.