Amazon shares rally 10%, but Apple’s dip, and other stocks on the move


Tupperware Brands Corp.’s stock
TUP,
+44.89%
rallied 50% after the beleaguered maker of iconic food containers announced a debt restructuring agreement.

Shares of Cloudflare Inc.
NET,
+7.98%
surged more than 8% after the cybersecurity company’s earnings and forecast topped Street estimates.

DaVita Inc. shares
DVA,
+7.01%
rallied 7% after the dialysis center company hiked its earnings outlook, following a beat.

Shares of Booking Holdings Inc.
BKNG,
+8.35%
rallied nearly10% after the travel booking site’s earnings beat, and forecast of a ‘record summer travel season,’ for the third quarter.

Shares of Atlassian Corp.
TEAM,
+17.26%
 surged 16.5% after the workplace-collaboration cloud software developer forecast fiscal first-quarter sales that were above Wall Street’s estimates.

DraftKings Inc.
DKNG,
+3.33%
shares jumped nearly 2% after the online sports-betting platform reported a surprise second-quarter profit and boosted its full-year sales forecast.

Gilead Sciences Inc.’s stock
GILD,
+4.01%
rose 6% after sales beat consensus to offset a profit miss.

Fluor Corp.’s stock
FLR,
+14.92%
rallied 15% after the engineering and construction services company’s earnings blew past expectations.

The stock of U.S. Cellular Corp.
USM,
+92.29%
rocketed 92% and its parent Telephone and Data Systems’ stock
TDS,
+87.59%
rose 85% after they said they’re reviewing strategic options for USM, one of the remaining independent wireless providers in the U.S.

Cinemark Holdings Inc.’s stock
CNK,
+2.92%
rose 1.7% after the cinema operator swung to a profit and beat consensus estimates for the second quarter. 

AMC Networks Inc.,
AMCX,
+13.56%
home to “The Walking Dead” franchise, was up 14%, after the company beat profit estimates for the second quarter by a wide margin, offsetting a revenue miss. 

Amgen Inc.’s stock
AMGN,
+5.47%
jumped 6% after the biotechnology giant reported record second-quarter earnings that rose above expectations and raised the full-year outlook, as volume growth offset a slight decline in prices.

Vacation-home rental platform Airbnb Inc.
ABNB,
+0.32%
was up 1.3% after it reported second-quarter results and a third-quarter sales forecast that topped Wall Street’s estimates.

Stock decliners:

Apple Inc. shares
AAPL,
-4.58%
dropped 3.3% after the tech giant’s iPhone sales lagged the consensus view.

 Online home-buying platform Opendoor Technologies Inc.’s stock
OPEN,
-24.97%
was down 23% after offering a weaker-than-expected sales outlook, as the housing market remains frozen in place.

Fortinet Inc.
FTNT,
-24.81%
stock slumped 24% after the cybersecurity group said it saw an “unusually large volume of deals” pushed out beyond the June quarter.

Shares of Block Inc.
SQ,
-13.74%
declined 23% after the payments technology company reported better-than-expected quarterly results and said that it now expects to book positive adjusted operating income for the full year.

Shares of CarGurus Inc.
CARG,
-15.59%
dropped more than 7% after the online car marketplace spooked investors by postponing its second-quarter results scheduled for after the bell Thursday, without providing much detail.

Redfin Corp.‘s stock
RDFN,
-25.54%
was down 23% after the real-estate company said it will take longer than expected to break even after it lost market share in its latest quarter.

Shares of toy maker Funko Inc.
FNKO,
-12.53%
fell 15% after the company cut its sales outlook amid continued weaker demand.

Icahn Enterprises L.P.’s stock
IEP,
-24.05%
slid 24% to put it on track for its biggest one-day decline, after Carl Icahn’s investment arm, beset by a critical short-seller report, halved its quarterly distribution to $1.

Nikola Corp.’s stock
NKLA,
-16.40%
tumbled 14% after he electric-vehicle maker beat Wall Street expectations for second-quarter losses and revenue but slashed its full-year outlook.

Fisker Inc.’s stock
FSR,
-6.69%
slid 5.5% after the electric-vehicle maker reported a narrower-than-expected loss but revenue and EV production that missed Wall Street expectations, and it also lowered its full-year production outlook.

Leave a Reply

Your email address will not be published. Required fields are marked *