Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Midday movers: Salesforce, Dollar General, Crowdstrike and more

Published 31/08/2023, 18:37
Updated 31/08/2023, 18:37
© Reuters

Investing.com -- U.S. are mixed on Thursday, closing out a down month as investors awaited the release of key inflation and unemployment data.

Here are some of the biggest U.S. stock movers today:

  • Salesforce (NYSE:CRM) stock rose 3.7% after the software group increased its annual revenue outlook, citing strong demand for its cloud products.

  • Dollar General (NYSE:DG) stock slumped 12.7% after the discount retailer cut its annual same-store sales forecast as it expects customers to remain under pressure from still-high inflation and pull back on discretionary spending.

  • Crowdstrike (NASDAQ:CRWD) stock rose 9.1% after the cybersecurity company delivered better-than-expected second-quarter results as its AI-powered cybersecurity platform boosted new business wins.

  • Victoria's Secret (NYSE:VSCO) stock rose 7.7% despite forecasting a decline in its third-quarter sales and missing its second-quarter results estimates.

  • Sage Therapeutics (NASDAQ:SAGE) stock rose 2.4% after the biotech company said it would cut its workforce by about 40%, weeks after the U.S. health regulator declined to approve its drug to treat major depressive disorder.

  • Ciena (NYSE:CIEN) stock rose 15.8% after the optical networking company reported fiscal third-quarter results that topped forecasts, citing increased customer activity and an elevated backlog.

  • Palantir (NYSE:PLTR) stock fell 8.5% after Morgan Stanley (NYSE:MS) downgraded its stance on the big data analytics company to ‘underweight’ from ‘equal weight’, saying “near-term optimism in AI product cycle and valuation premium create an unfavorable risk-reward.”

  • Chewy (NYSE:CHWY) stock fell 11.4% after the pet products retailer offered up a weaker-than-expected full-year sales forecast, prompting Evercore ISI to downgrade its stance to ‘in line’ from ‘outperform’.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

--Peter Nurse contributed to this report

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.