Markets

Starbucks’ stock jumps after earnings crush estimates, Virgin Galactic soars, and more moving stocks

1 Mins read

Here are some of the day’s biggest movers:

Stock gainers:

Starbucks Corp.’s stock
SBUX,
+11.05%
climbed more than 10 after the coffee store chain posted better-than-expected earnings for its fiscal fourth quarter.

Shares of Virgin Galactic Holdings Inc.
SPCE,
+11.74%
rose more than 11%, boosted by the successful completion of the private spaceflight company’s Galactic 05 mission.

Shares of Roku Inc.
ROKU,
+31.91%
surged more than 30% after the smart-TV manufacturer surpassed third-quarter revenue expectations and noted “a solid rebound in video ads.”

Shares of Lemonade Inc.
LMND,
+37.91%
surged 38% after the mobile-insurance company narrowed its quarterly loss.

Fastly Inc.’s
FSLY,
+15.70%
stock soared more 16% after the cloud-computing company narrowed its quarterly loss.

Event-organizing platform Eventbrite Inc. 
EB,
+4.85%
raised the low end of its full-year forecast. Shares jumped 7.5%.

Clorox Co. shares
CLX,
+8.21%
jumped almost 8% after the cleaning-products maker reported fiscal first-quarter results that weren’t as bad as expected, despite the impacts of a cyberattack.

Shares of online delivery company DoorDash Inc.
DASH,
+17.20%
rose more than 16% after the food-delivery firm reported third-quarter results that beat expectations.

PayPal Holdings Inc.‘s stock
PYPL,
+5.94%
jumped more than 5% after the company topped expectations with its latest earnings and named a new chief financial officer.

Shares of videogame maker Electronic Arts Inc.
EA,
+4.89%
rose more than 4% following the company’s quarterly report, in which net income and revenue beat analysts’ estimates.

Etsy Inc.’s
ETSY,
+4.27%
stock rose more than 4% after falling premarket. The online-shopping site’s CEO warned investors about a decline in gross merchandise sales.

Stock decliners:

Shares of Airbnb Inc.
ABNB,
-2.33%
fell more than 3% after the vacation-home-rental platform warned of “greater volatility” and weaker trends in nights booked for the fourth quarter amid conflicts abroad.

After rising in premarket trades, after the server maker upped its growth forecast for the fiscal year, shares of Super Micro Computer Inc. SMCI fell more than 6%.

Read the full article here

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