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

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

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

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

Shares of Booking Holdings Inc.
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.
 surged 16.5% after the workplace-collaboration cloud software developer forecast fiscal first-quarter sales that were above Wall Street’s estimates.

DraftKings Inc.
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
rose 6% after sales beat consensus to offset a profit miss.

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

The stock of U.S. Cellular Corp.
rocketed 92% and its parent Telephone and Data Systems’ stock
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
rose 1.7% after the cinema operator swung to a profit and beat consensus estimates for the second quarter. 

AMC Networks Inc.,
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
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.
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
dropped 3.3% after the tech giant’s iPhone sales lagged the consensus view.

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

Fortinet Inc.
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.
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.
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
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.
fell 15% after the company cut its sales outlook amid continued weaker demand.

Icahn Enterprises L.P.’s stock
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
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
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.

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