Check out the companies that are trending in intraday trading. Citigroup — The company's stock price tumbled Wednesday night after the bank warned it could incur a loss in the fourth quarter due to the depreciation of the Argentine peso and restructuring costs, as CFO Mark Mason previously told investors This was a drop of more than 2% compared to what was disclosed in the previous year. Citigroup is scheduled to report its fourth quarter results on Friday morning. Lyft — Lyft stock fell 3% after Goldman Sachs downgraded the ride-sharing company to neutral from buy, citing a more balanced risk/reward. Occidental Petroleum — The company's strong operating performance helped it overcome third-party outages and the company announced that its fourth-quarter total production is expected to remain within guidance. The energy producer's stock rose about 1% the next day. Separately, Warren Buffett's Berkshire Hathaway announced in a filing that its stake in Occidental has increased to 34%. Salesforce — Shares of his cloud computing company rose 1.3% after Baird upgraded the stock from neutral to outperform. “We underestimated the company's drive to achieve the margins that drove its strong performance last year,” said analyst Rob Oliver. Cryptocurrency stocks — Bitcoin miners post gains so far as crypto prices fall in volatile trading after the Securities and Exchange Commission approved the first U.S. spot Bitcoin ETF to hit the market on Thursday I got it back. Iris Energy and Clean Spark were each down 10% at midday. Marathon Digital fell 18% and Riot Platforms fell 16%. Cryptocurrency exchange Coinbase fell 7%, while MicroStrategy fell nearly 6%. Yum Brands — parent company of KFC and Pizza Hut, fell 1% after being downgraded from overweight to even weight by Wells Fargo. Yum Brands is likely to see lower traffic and slower price growth this year, the bank said. KB Home — Shares fell 2% the next day after the home builder announced average home sales prices fell 4.5% in the fourth quarter. Despite this, KB Home's revenue and revenue for the quarter still beat analysts' expectations. ALBEMARLE — The chemical maker fell 3% after Deutsche Bank downgraded its rating to unchanged. Analyst Colin Blanchard said price volatility warrants a more cautious view of the lithium industry in the near to medium term. T. Rowe Price — Shares rose 2.5% after the company announced preliminary assets under management of $1.45 trillion as of Dec. 31, 2023. This is higher than the $1.394 trillion recorded on November 30th. Paramount, Warner Bros. Discovery — The entertainment company suffered losses of 5.5% and 4.2%, respectively, following a downgrade from Redburn Atlantic. Analyst Hamilton Faber downgrades Paramount to sell, citing “significant downside,” while downgrading Warner Bros. Discovery to neutral, citing “negative tipping point” in the advertising industry. Justified. Seagate Technology — Seagate shares fell 3.5% after BNP Paribas downgraded the data storage company's rating from neutral to underperform. Analyst Karl Ackermann cited stock valuation as the reason for the downgrade. Alliant Energy — The utility stock fell 3% after BMO Capital Markets downgraded its market performance rating from outperform. The company likes the long-term story and fundamentals, but said there are better risk-adjusted opportunities elsewhere. —CNBC's Michelle Fox, Alexander Harring, Ha-Kyung Kim, Yun Lee, Tanaya Machel and Samantha Subin contributed reporting.
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