Movers & Shakers: HP’s stock slumps on cautious outlook, VinFast shares on the move again and other stocks in the spotlight

by | Aug 30, 2023 | Stock Market

Here are the day’s biggest movers: Stock gainers: Vera Bradley Inc.’s stock
 rose 10% after the handbag and accessories company swung to a profit in its fiscal second quarter from a loss a year ago and swept past earnings estimates.

Emergent BioSolutions Inc.’s stock
rose 1% after the company said its Narcan nasal spray — an antidote for an opioid overdose — will be available without a prescription starting in September.  Insulet Corp.’s stock
rose 7% to lead S&P 500 gainers, after Chief Executive James Hollingshead purchased 5,500 shares at an average price of $181.41. Nvidia Corp.’s stock
rose 1.8% after closing Tuesday at a record high. Melius Research analyst Ben Reitzes said he sees a case to be made that the stock could be “cheap,” at least on a relative basis. Lyft Inc.’s stock
soared 6.6%, after lead independent director Sean Aggarwal scooped up $1 million of the ride-hailing company’s stock, joining Chief Executive David Risher, who made a similarly sized purchase earlier in the month. Shares of Alkermes PLC
jumped 10% Wednesday after the Dublin-based biopharma company announced a settlement of patent litigation with Teva Pharmaceuticals USA Inc.
 relating to Vivitrol, a treatment for alcohol and opioid dependence. Cannabis stocks rallied sharply in afternoon trade after a Bloomberg report that the Department of Human Health and Services is recommending that the DEA reschedule cannabis. The plant is currently a Schedule I drug, which classifies it along with her …

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