Movers & Shakers: Amazon shares pop but Apple’s dip, and other movers

by | Aug 4, 2023 | Stock Market

Here are some of the biggest movers in premarket action on Friday: Stock gainers: Inc.‘s stock
jumped more than 8% after the retail juggernaut blew past second-quarter expectations, with strong e-commerce and cloud sales.

Shares of Cloudflare Inc.
surged more than 8% after the cybersecurity company’s earnings and forecast topped Street estimates. DaVita Inc. shares
rallied 5% after the dialysis center company hiked its earnings outlook, following a beat. Shares of Booking Holdings Inc.
rallied nearly 12% after the travel booking site’s earnings beat, and forecast of a ‘record summer travel season,’ for the third quarter. Shares of Atlassian Corp.
 surged 22.5% after the workplace-collaboration cloud software developer forecast fiscal first-quarter sales that were above Wall Street’s estimates. DraftKings Inc.
shares jumped nearly 14% after the online sports-betting platform reported a surprise second-quarter profit and boosted its full-year sales forecast. Stock decliners: Apple Inc. shares
dropped nearly 2% in the after-hours Thursday after the tech giant’s iPhone sales lagged the consensus view. Fortinet Inc.
stock slumped 18 after the cybersecurity group said it saw an “unusually large volume of deals” pushed out beyond the June quarter. Shares of Block Inc.
declined more than 4% after the payments technology company reported better-than-expected quarterly results and said that it now expects to book positive adjusted operating income for the full year. Shares of CarGurus Inc.
dropped more than 7% after the online car marketplace spooked investors by postponing its second-quarter results scheduled for after the bell Thursday, without providing much detail. Redfin Corp.‘s stock
was down more than 10% after the real-estate company said it will take longer than expected to break even after it lost market share in its latest quarter. Shares of toy maker Funko Inc.
fell 3% after the company cut its sales outlook amid continued weaker demand. Vacation-home rental platform Airbnb Inc.
reported second-quarter results and a third-quarter sales forecast that topped Wall Street’s estimates. But shares were down 0.2% early Friday.

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