Today's Morning Movers and Top Ratings: HPQ, MRNA, PATH, AZN and More
Morning Movers
Gapping up
$Moderna(MRNA.US$ stock increased by 2.9% as a Financial Times report indicated that the U.S. government is close to finalizing a deal to finance a late-stage trial of the company's pandemic bird flu vaccine.
$Foot Locker(FL.US$ saw its stock jump over 13% after the retailer confirmed its 2024 guidance, with early signs of success in its turnaround strategy.
$Dollar General(DG.US$ shares climbed 4% as the discount retailer reported robust first-quarter earnings, driven by demand from budget-conscious consumers.
$Pure Storage(PSTG.US$ enjoyed a 9.5% stock increase following strong first-quarter earnings, bolstered by AI-driven demand for its data storage solutions.
$HP Inc(HPQ.US$ 's stock went up 5.2% as the PC manufacturer's quarterly earnings surpassed expectations due to rising demand, partly attributed to AI.
$Hormel Foods(HRL.US$ experienced a 0.9% rise in stock value after the food company exceeded profit forecasts for the fiscal second quarter and upgraded its full-year outlook amid steady demand for its higher-priced meat products.
Gapping down
$Salesforce(CRM.US$ saw its stock plunge 15% after the company's forecast for the current quarter failed to meet analysts' predictions.
$Disney(DIS.US$ 's stock dipped slightly by 0.1% following reports that activist investor Nelson Peltz sold his entire stake in the company, amounting to approximately $1 billion.
$Kohl's Corp(KSS.US$ 's stock plummeted by 20% after the retailer reported a surprising loss for the first quarter and issued a profit warning for 2025.
$American Eagle(AEO.US$ experienced a 6.8% drop in stock after the retailer reported first-quarter sales that were lower than expected, despite a 5% revenue increase from the previous year.
$UiPath(PATH.US$ 's stock took a steep 30% fall after the announcement of CEO Rob Enslin's resignation and the return of co-founder Daniel Dines to the CEO position.
$Agilent Technologies(A.US$ 's stock declined by 13% post the announcement of an 8.4% decrease in second-quarter revenue compared to the previous year and a downward revision of its 2024 guidance.
Source: CNBC; Investing.com
US Top Rating Updates on 05/30
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Source: Dow Jones
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