Why These 5 Stocks Are Trending on Wednesday

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In this article, we take a look at five stocks that are trending on Wednesday. If you want to read our detailed analysis of these stocks, go directly to Why These 10 Stocks Are Trending on Wednesday.

5. Domino’s Pizza, Inc. (NYSE:DPZ) is down 1% as of 10:14 AM EST after the company received a downgrade from a Buy to a Hold rating from Alton Stump at Loop Capital. The analyst also slashed the target price by more than 22%, from $535 to $413. In a note issued to investors, Stump highlighted that Domino’s Pizza, Inc.’s (NYSE:DPZ) decision to increase the price of its mix and match deal from $5.99 to $6.99 might prove beneficial in the long term, but it will adversely impact the comparable sales of the stores in the short-term. Out of the 924 hedge funds being tracked by Insider Monkey, 31 owned a stake in Domino’s Pizza, Inc.’s (NYSE:DPZ) at the end of Q4 2021.

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