Ads
HomeFinanceCarvana, AT&T shares rise, and other stocks on the move

Carvana, AT&T shares rise, and other stocks on the move


Here are some of the most notable stock movers in Wednesday morning action.

Stock gainers

Shares of AT&T Inc.
T,
+7.84%

and Verizon Communications Inc.
VZ,
+4.85%

were each up in morning action, with AT&T ahead more than 6% and Verizon up more than 4%. AT&T said in a Tuesday court filing that it would hold off on prior plans to remove lead-sheathed cables running underneath California’s Lake Tahoe amid recent reporting on the legacy cables, and analysts were encouraged by the latest update.

Carvana Co.‘s stock
CVNA,
+27.89%

rocketed 23% early Wednesday after the online auto retailer notched a sizable sales beat and announced a debt deal.

Shares of AAR Corp.
AIR,
+3.28%

 rose more than 5% after the aviation-service company reported fiscal fourth-quarter results that beat analysts’ expectations, boosted by the continuing comeback in air travel. 

Elevance Health Inc.’s stock
ELV,
+6.28%

was advancing 7% after the health insurer delivered earnings that beat the consensus view.

Shares of Cisco Systems Inc.
CSCO,
+1.34%

were advancing about 2% after JPMorgan upgraded the networking stock to overweight from neutral.

Rivian Automotive Inc. shares
RIVN,
+3.75%

were up nearly 3% after Mizuho boosted its target price on the electric-vehicle name to $30 from $27.

VMware Inc. shares
VMW,
+6.06%

were moving 7% higher in premarket action after the U.K.’s Competition and Markets Authority provisionally cleared Broadcom Inc.‘s
AVGO,
-0.40%

deal for the technology company.

J.B. Hunt Transport Services Inc. shares
JBHT,
+2.28%

were up about 1%, though the trucking, transportation and logistics provider reported second-quarter results that missed Wall Street’s expectations, amid weaker transportation demand. 

Stock decliners:

Shares of Western Alliance Bancorp.
WAL,
+3.88%

fell 2% after the Phoenix bank narrowly missed Wall Street expectations for its second-quarter profits.

Shares of Interactive Brokers Group Inc.
IBKR,
-2.05%

slid nearly 3% after the online-trading company reported fiscal second-quarter results that fell short of analysts’ estimates.

Cinemark Holdings Inc.‘s stock
CNK,
-2.92%

was down about 4% after JPMorgan ended its bullish stance on the cinema name, citing the potential for an “overhang” related to Hollywood strikes.

GitLab Inc.‘s stock
GTLB,
-1.72%

slipped about 3% as the AI company named former Microsoft Corp.
MSFT,
-0.12%

executive Chris Weber as chief revenue officer and confirmed fiscal second-quarter and annual sales guidance.

Toast Inc.’s stock
TOST,
-13.92%

was sinking 12% after the restaurant-software company reversed course on a controversial fee.

Shares of United Community Banks Inc.
UCBI,
-2.78%

fell nearly 4% after the regional bank reported second-quarter results that came up short of estimates, as competition to attract new customers drove up costs. 

Shares of Aurora Innovation Inc.
AUR,
-5.43%

slid 7% after the self-driving vehicle technology developer began a proposed public share offering of up to $200 million and agreed to a $600 million private sale to certain investors.

HighPeak Energy Inc.‘s stock
HPK,
-0.54%

was off about 3% after the oil-and-gas company announced a public stock offering that was priced at a steep discount.

Omnicom Group Inc. shares
OMC,
-10.53%

were down about 10%, pacing S&P 500 laggards, after the advertising giant posted a revenue shortfall. Shares of peer Interpublic Group of Cos.
IPG,
-6.35%

were off 4%.



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments