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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%.