Opinion
Stock Markets That Are Moving the Most Today
Feb
La-Z-Boy shares (LZB) gained 15% after the residential furniture maker posted third-quarter earnings that beat expectations in Stock Markets.
Keysight Technologies KEYS –12.71% (KEYS) fell 13% after the electronic systems company posted first-quarter adjusted earnings that beat Wall Street consensus but issued a downbeat revenue outlook.
The Stock Markets were the top decliner on the S&P 500 Wednesday.
Palo Alto Networks (PANW) jumped 12.5% after the cybersecurity company boosted fiscal-year guidance after posting better-than-expected fiscal second-quarter adjusted earnings and revenue.
Wingstop shares (WING) jumped 7.7% after the chicken-wing restaurant company posted fourth-quarter earnings that beat analysts’ expectations.
Coinbase Global (COIN) fell 1.4% even after the crypto broker posted a narrower-than-expected loss for its fourth quarter.
Toll Brothers (TOL) gained 3% after the home builder posted fiscal first-quarter earnings that beat analysts’ estimates.
Get The New York Times and Barron’s News 3-Year Digital Subscription for $89
CoStar Group (CSGP) fell 5.1% after the real estate research company offered a weaker-than-expected first-quarter forecast.
Also, discussions regarding CoStar purchasing Move Inc.—which operates Realtor. com—from News Corp “ended without a deal,” The Wall Street Journal reported.
(News Corp owns Barron’s publisher Dow Jones.)
in addition, 1Life Healthcare (ONEM) rose 2.9% after Amazon.com (AMZN) completed the acquisition of the parent company of One Medical after the Federal Trade Commission said it wouldn’t block the deal.
Occidental Petroleum shares (OXY) fell 2.3% Wednesday after the oil-and-gas company was downgraded to Underperform from In Line by analysts at Evercore ISI.
Get Wall Street Journal 3-Years Digital for 55
Finally, Alcoa shares (AA) rose 1.9% after shares of the aluminum producer were upgraded to Buy from Neutral by analysts at Citi.
Overstock.com OSTK –2.52% (OSTK) declined 2.5% after reporting a fourth-quarter adjusted loss of four cents a share vs. analysts’ expectations for a profit of two cents.
