Tesla’s stock rises again, Coinbase shares rebound, and more stocks on the move

© Brandon Bell/Getty Images


Load Error

Here are some of the biggest movers in Wednesday’s trading action:

Stock gainers:

Tesla Inc.‘s shares were rising again Wednesday morning, up 3.5% and on track for their longest win streak in more than two years.

Coinbase Global Inc.‘s shares were rallying 3% in morning trading, rebounding slightly from sharp declines over the prior two sessions that were fueled by regulatory pushback. The company is facing a Securities and Exchange Commission suit. Various Ark Investment funds recently scooped up shares of the crypto exchange.

Palantir Technologies Inc.‘s stock was zooming more than 10% higher after the software company announced its latest deal, this time with Panasonic Energy.

Shares of Yext Inc. were surging more than 35% Wednesday after the online-marketing company beat Wall Street expectations for its fiscal first quarter and raised guidance for the year.

Stitch Fix Inc. shares were exploding 37% higher after the online personal-styling service reported better-than-expected third-quarter results and announced plans to scale back operations.

Dave & Buster’s Entertainment Inc.’s shares  were rocketing 24% Wednesday after the games-themed restaurant chain’s quarterly earnings topped Wall Street expectations even as its revenue fell short on the consensus view.

Shares of Wayfair Inc. were ahead nearly 4% in morning action after the company disclosed that “quarter-to-date gross revenue is strengthening, and is now trending in the negative mid single-digit percentage range year-over-year.”

Stock decliners:

United Natural Foods Inc.‘s stock was tumbling 24% in morning action after the grocery wholesaler reduced its full-year forecast amid margin challenges.

Shares of convenience-store chain Casey’s General Stores Inc.   were falling about 4% after the company reported fiscal fourth-quarter results that missed expectations. 

Campbell Soup Co.‘s stock was moving roughly 6% lower after the company posted a decline in adjusted earnings per share, though it still beat expectations with that result. Shares of packaged-food rivals General Mills Inc. and Kraft-Heinz Co. each were off more than 2%.

Continue Reading