Thinking About Buying Stock Or Options In Verizon, AMD Or Nio?

One of the most common questions traders have about stocks is “Why Is It Moving?”

That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.

Here’s the latest news and updates for Verizon, AMD and Nio.

Verizon Communications Inc. (NYSE: VZ) released findings from its Look Forward study Wednesday on the ways Americans have adapted to life one year into the pandemic. Among the highlights, Verizon discovered:

• Farewell cubicles: Adults who've worked remotely in the last year would prefer to be working in a remote or hybrid capacity a year from now.
• An endless stream of content: Traffic on major streaming sites is 21% above pre-pandemic levels as Americans plan to spend more time streaming.
• "Hello, it's me": Phone calls are lasting longer than pre-pandemic, and more adults are embracing video calls to stay connected with their friends and family.
• Retail therapy: Adults anticipate that a year from now, they will be splitting their shopping equally between in-person and online, compared to most shopping "mostly in-person" pre-pandemic.

Northland Capital Markets analyst Gus Richard upgraded Advanced Micro Devices, Inc. (NASDAQ: AMD) from Market Perform to Outperform and announced a $96 price target.

Nio’s (NYSE: NIO) sale of RMB 200 million (about $31 million) in factory equipment to rival Tesla Inc. helped the Chinese electric vehicle maker to get through its toughest time in 2019, cnEVpost reported Wednesday. Read more here.

Photo courtesy of Nio.