Movers & Shakers: Tupperware shares continue rally and Fastenal rises on earnings beat as Ford’s stock falls after walkout

by | Oct 12, 2023 | Stock Market

Here are some of the biggest movers of the day: Stock gainers: Shares of Tupperware Brands Corp.
continued their rally, rising more than 3% as the company’s share price surged amid a bout of interest from so-called meme-stock investors.

Fastenal Co.’s stock
rose more than 6% after the construction hardware and equipment company delivered better-than-expected third-quarter earnings. Walgreens Boots Alliance Inc. shares
rose more than 4% after the company indicated that its relatively high dividend remained safe, despite a fiscal fourth-quarter profit miss and downbeat outlook. Stock decliners: Hormel Foods Corp.’s stock
fell more than 9% after workers ratified a new contract. The United Food and Commercial Workers International Union said members who work for Hormel in Minnesota, Georgia, Wisconsin and Iowa have voted to ratify a new contract containing a wage increase of $3 to $6 an hour, the largest increase in the company’s history.  After rising in premarket trades, shares of Victoria’s Secret & Co.
fell 1.5% after the maker of bras, lingerie and sleepwear said it could lose less than previously thought during the third quarter. Plug Power’s stock
fell more than 2% after the clean-energy company said it now expects to generate $7 billion in revenues by 2027 due to an uptick in sales from its hydrogen business. Shares of carmaker Ford Motor Co.
fell more than 2% after the United Auto Workers union said 8,700 workers had walked out of a truck factory in Louisville, Ky. Shares of cancer-immunotherapy company Tempest Therapeutics Inc.
dipped more than 59% after surging almost 4,000% on Wednesday following the publication of positive results for the company’s TPST-1120 drug in patients with liver cancer.

Article Attribution | Read More at Article Source

Share This