Today's Morning Movers and Top Ratings: DELL, MRVL, COST, ZS and More
Morning Movers
Gapping up
$Gap Inc(GPS.US$ stock surged 23% as the clothing retailer increased its full-year sales outlook, signaling that its turnaround efforts may be gaining traction.
$Zscaler(ZS.US$ stock climbed 15% following the cloud security company's report of robust quarterly earnings and an upward revision of its guidance.
$Ambarella(AMBA.US$ stock soared 20% after the chip designer posted a smaller-than-expected quarterly loss and gave a positive revenue forecast for the next quarter.
Gapping down
$Dell Technologies(DELL.US$ stock tumbled 15% due to a disappointing earnings forecast for the current quarter and concerns that increased server investments for AI workloads could impact annual margins.
$Nordstrom(JWN.US$ stock dropped 7.5% after the retailer reported a first-quarter loss that was larger than anticipated, despite revenues exceeding expectations.
$MongoDB(MDB.US$ stock plummeted 24% after the database software company provided weaker-than-expected guidance for the quarter and lowered its full-year outlook.
$Trump Media & Technology(DJT.US$ Group stock dipped 1.6% following a New York jury's guilty verdict for Donald Trump in a high-profile case, impacting the company he majorly owns.
$Marvell Technology(MRVL.US$ stock declined 5.7% after the semiconductor producer reported first-quarter revenues that fell short of expectations, attributed to reduced spending by wireless carriers and enterprise clients.
$Costco(COST.US$ stock edged down 0.5% as the company's decision to maintain membership fees, despite beating profit, revenue, and same-store sales forecasts, failed to impress investors.
$Flutter Entertainment(FLUT.US$ stock decreased 3% after the gambling company announced the resignation of its group finance chief, Paul Edgecliffe-Johnson.
Source: CNBC; Investing.com
US Top Rating Updates on 05/31
![Today's Morning Movers and Top Ratings: DELL, MRVL, COST, ZS and More](https://ussnsimg.moomoo.com/sns_client_feed/77777018/20240531/5a2b858b2d97471c90742a30374aab99.jpg?area=100&is_public=true/bigmoo)
Source: Dow Jones
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