By coinnews 
00:00:00 Speaker A
Now time for some of today’s trending tickers. We’re watching Ryanair, Reddit, and Shake Shack. First up, Ryanair shares rising on full-year earnings and positive commentary heading into the busy summer travel season. Full-year profit was in line with estimates, while a decline in fares drove traffic growth of 9% from the prior year, resulting in more than 200 million passengers. The company says summer demand is strong with peak fares trending modestly ahead of the prior year. Bernstein adding in a client note that Q1 fare outlook in the mid to high teens is far stronger than expected. The airline also approved a 750 million euro buyback. Next, Reddit falling as Wells Fargo downgrades the stock to equal weight from overweight. The firm citing recent user disruptions, which will likely be more permanent as Google more aggressively implements AI. The firm’s price target was also cut to 115 bucks a share from the prior 168. That implies only 1.5% upside from the stock’s last close. Finally, Shake Shack downgraded to hold from buy at TD Cowen. The firm citing the stock’s high valuation amid a challenged consumer spending backdrop. Shares are up more than 50% since the 52-week low seen in early April. So the firm says risk reward is now balanced. The analyst also called out the tough competition in the burger space, along with Shake Shack’s reliance on urban markets, which have been challenged so far this year. The price target is set to $105 a share, a 12% decline from yesterday’s or Friday’s close, I should say. You can scan the QR code below to track the best and worst performing stocks of this session with Yahoo! Finance’s Trending Tickers page.