Welcome to Extreme Investor Network, where we provide you with the latest updates on the biggest movers in the stock market. Today, we’re diving into some of the companies that are making waves midday:
1. GameStop: This meme stock took a hit after the video game retailer reported a decline in net sales for the first quarter. With “Roaring Kitty” set to kick off a livestream, the stock could see more movement.
2. Vail Resorts: Shares tumbled following disappointing quarterly results, falling short of profit and revenue estimates.
3. Oddity Tech: This beauty and wellness company saw its shares soar after announcing a $150 million share buyback program and boosting its earnings outlook.
4. Semtech: The stock plummeted after the CEO left the company, citing differences between the Board and the former CEO. Despite this, Semtech reaffirmed its second-quarter forecast.
5. DocuSign: Despite reporting strong first-quarter results, the stock shed nearly 5%. The company also authorized a $1 billion stock buyback.
6. Planet Labs: This provider of satellite imagery saw its stock gain after beating expectations in the first quarter, reporting a smaller loss and higher revenue than anticipated.
7. Geron: The biopharmaceutical company’s stock rose after the FDA approved its blood disorder treatment earlier than expected.
8. Skechers: Following an upgrade at Bank of America, the stock gained more than 2% as the bank sees an improving wholesale environment for the footwear maker.
9. Samsara: Despite reporting an earnings and revenue beat, the software maker’s stock slid. However, the company’s guidance for the second quarter exceeded analyst estimates.
10. Braze: Shares of this customer engagement platform added after reporting a smaller-than-expected loss and beating revenue expectations for the first quarter. Their second-quarter guidance also exceeded analyst expectations.
In addition to these movers, gold stocks like Newmont, Freeport-McMoRan, and Royal Gold dropped on the back of falling gold prices.
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