Here are some of the biggest movers of the day:
Stock gainers:
Nvidia shares
NVDA,
rose 2%, ahead of its eagerly awaited results after the close. Cathie Wood’s ARK Invest sold stock in the graphics chipmaker on Tuesday, according to a fund disclosure.
Novovax stock
NVAX,
rose 3%, after surging 13% on Tuesday when it said its COVID-19 vaccine was effective against a variant responsible for most cases right now in the U.S. and Europe.
United Parcel Services Inc.‘s stock
UPS,
added 1% after workers at the deliveries and logistics company voted for a new contract.
Abercrombie & Fitch Co.’s
ANF,
soared 16% Wednesday, after the teen clothing retailer blew past estimates for the second quarter and raised guidance.
Stock decliners:
AMC Entertainment stock
AMC,
fell 13%, after an 18% drop on Tuesday. A reverse stock split is planned on Wednesday, to be followed by the conversion of the APE preferred shares.
Shares of La-Z-Boy Inc.
LZB,
fell 3% late Monday after the home-furniture maker topped Wall Street views for its fiscal first quarter but said that it expect its industry “to remain challenged.”
Peloton Interactive
PTON,
fell 25% in premarket trading Wednesday after the exercise vendor came up short with its revenue outlook for the latest quarter while disclosing that a bike recall has had a greater-than-expected impact on the business.
Foot Locker
FL,
slid 28% after the sporting goods retailer swung to a loss in the second-quarter, lowered its full-year guidance and said it’s suspending its quarterly dividend to conserve cash.
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