Become a logicalchat Member

Latest Post

Your story starts here. Sign up and let's connect in ways that truly matter!

HomeStocks in FocusToday's Top Performers: Lowe's and Zoom Lead Pre-market Gains, Macy's, Workday,...

Today’s Top Performers: Lowe’s and Zoom Lead Pre-market Gains, Macy’s, Workday, Unity Software See Declines

Today’s Top Performers

Top stock gainers

Hims Hers Health (NYSE:HIMS) shares rose 19% after the telehealth business said that 2024 will be its first year of positive net income and forecasted first-quarter and full-year sales that exceeded forecasts.

Zoom (NASDAQ:ZM) shares surged 12% after the video-conferencing software provider posted fourth-quarter earnings that above expectations, owing to strong demand for its products at a period of growing hybrid working habits.

Lowe’s (NYSE:LOW) shares increased 0.3% after the DIY store posted fourth-quarter net sales that above expectations despite a continued downturn in spending on home improvements.

Top stock losses

Intuitive Machines (NASDAQ:LUNR) shares plunged 21% after the space exploration company’s lunar mission came to an early conclusion due to a sideways touchdown that hampered communications and solar charging capabilities of its moon lander Odysseus.

Unity Software (NYSE:U) shares fell 15% after the videogame software provider estimated full-year sales below expectations, stating that in the future, it would only issue revenue projections for the company’s “strategic portfolio.”

CarGurus (NASDAQ:CARG) shares fell 13% after the online auto marketplace posted fourth-quarter results that marginally above forecasts, but also provided weaker-than-expected projections for the first quarter of 2024.

Workday (NASDAQ:WDAY) shares dipped 3.1% after the cloud-based HR software company exceeded profit forecasts for the current quarter while meeting sales projections and reaffirming its full-year outlook.

Macy’s (NYSE:M) shares declined 0.9% after the company estimated yearly revenues considerably below market estimates due to sluggish demand for its clothes and shoes, and announced plans to eliminate 150 shops by 2026 as part of its new recovery strategy.

Must read book about investing – check here 

Today’s Top Performers Today’s Top Performers

Related Post