NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday:
Zoom Video Communications Inc., up $15.79 to $223.87
The video-conferencing company’s first-quarter financial results and forecasts blew past Wall Street’s expectations on a surge in demand.
Microchip Technology Inc., up $11.95 to $108.79
The chipmaker raised its profit and revenue forecasts and said supply chain problems are easing.
Lyft Inc., up $2.76 to $34.44
The ride-hailing company said business improved in May with a 26% increase in rides from April.
The Cheesecake Factory Inc., up $3.42 to $24.37
The restaurant operator said that reopened locations have recaptured about 75% of their prior-year sales.
Canada Goose Holdings Inc., up $3.83 to $25.42
The high-end coat maker beat Wall Street's fiscal fourth-quarter revenue forecasts.
Coty Inc., up 56 cents to $4.75
The maker of Clairol and other beauty products is discussing a potential collaboration with Kim Kardashian West.
HealthEquity Inc., down $4.53 to $58.08
The healthcare accounts manager reported disappointing first-quarter earnings and gave investors a weak financial forecast.
Ambarella Inc., down $8.55 to $53
The video-compression chipmaker gave investors a weak revenue forecast for the second quarter.
Before you consider Canada Goose, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canada Goose wasn't on the list.
While Canada Goose currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
