Biggest Movers in the Stock Market
Discover the latest winners and losers in the stock market. Nutanix, Dell Technologies, Lululemon Athletica, PagerDuty, Broadcom, and Tesla make headlines.
Nutanix Inc. (NTNX) witnessed a remarkable surge of over 18% in its stock. The company exceeded analyst estimates for quarterly revenue and earnings, while its fiscal first-quarter sales guidance exceeded expectations. Additionally, Nutanix announced plans to repurchase up to $350 million in stock.
Shares of Dell Technologies Inc. (DELL) rallied 9% following the tech company's impressive performance in its fiscal second quarter. Dell surpassed Wall Street expectations and highlighted the positive impact of AI, which is expected to provide long-term growth opportunities.
Lululemon Athletica (LULU), the popular yoga-themed apparel maker, reported same-store sales that fell short of expectations. However, the company raised its full-year forecast, leading to a nearly 3% increase in its stock.
Despite a 19% improvement in year-over-year quarterly sales, the shares of PagerDuty Inc. (PD) initially rose but then experienced a decline of over 6%.
The stock of Broadcom Inc. (AVGO) dropped by more than 4% following the release of its quarterly revenue forecast, which met expectations but failed to impress investors.
Tesla Inc. (TSLA) witnessed a slight decline of 0.7% after announcing price cuts for its Model S and Model X cars in China. This move comes two weeks after Tesla had already lowered prices on these premium vehicles.