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JM Smucker Gains, Sandisk Rises, Apple Drops After Delaying Siri AI in EU
Published 1 week, 5 days ago
Description
On this episode of Stock Movers:
-JM Smucker (SJM) shares gain. The company plans to lower coffee prices next year as the cost comes down. The company expected net sales to decline next year between 3% and 4% when it reduces prices, as it passes through lower costs on green coffee to consumers.
-Sandisk (SNDK) shares rise. Mizuho Securities and BofA Securities raised their price targets for Sandisk stock to $2,200 and $2,100, respectively.
-Apple (AAPL) shares drop. Apple Inc. said it isn’t able to launch Siri AI on iPhones, Apple Watches or iPads in the European Union due to a standoff with the continent’s antitrust watchdog.
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