Biggest Movers in the Stock Market

Stock Gainers

• 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.

Stock Decliners

• 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.