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November 30, 2023

Movers & Shakers: Uber, Datadog stocks gain, Air Products shares lead S&P 500 losers and other stocks on the move

Movers & Shakers: Uber, Datadog stocks gain, Air Products shares lead S&P 500 losers and other stocks on the move

Here are some of the Tuesday’s bigger, more-active movers:

Stock gainers:

Uber Technologies Inc. shares UBER advanced more than 1% in active morning trading after the ride-hailing giant swung to a third-quarter profit that beat expectations, while revenue came up short.

Shares of Planet Fitness Inc. PLNT ran up 13% toward their best day in three years after the operator of fitness centers beat third-quarter earnings expectations, but said it was considering raising prices on classic memberships for the first time in 30 years.

D.R. Horton Inc.’s stock DHI got a 3% boost after the homebuilder’s fiscal fourth-quarter results fellas it dealt with continued higher mortgage rates and inflationary pressures, but beat Wall Street forecasts.

Datadog Inc. shares DOG powered up 29%, which put them on track for a record one-day gain, after the analytics software company beat third-quarter profit and revenue expectations and provided an upbeat fourth-quarter outlook.

The results helped boost the shares of Datadog peers ahead of their earnings. Shares of Snowflake Inc. SNOW shot up 12%, of MongoDB Inc. MDB hiked up 15% and of Elastic NV ESTC climbed 7.7%.

Shares of Tripadvisor Inc. TRIP jumped 8% after the online travel platform blew past Wall Street expectations for its quarterly profit and sales, with revenue jumping 16%.

TransMedics Group Inc. shares TMDX rocketed 53% after the company beat third-quarter revenue expectations and raised its full-year outlook, reflecting growing demand for its organ-transplant services.

Brink’s Co. shares BCO advanced 9% toward their biggest gain in nine months after the cash management company beat earnings expectations.

Vivid Seats Inc.‘s stock SEAT leapt 7% after the marketplace that links buyers with ticket sellers for thousands of events each year posted revenue that beat expectations and announced a deal to acquire smaller rival Vegas.com in a cash-and-stock deal valued at $240 million.

Shares of KKR & Co. Inc. KKR climbed 6% toward their best one-day performance in a year after the private-equity firm topped third-quarter profit and asset management revenue expectations.

RingCentral stock RNG rose 4% as the cloud communication company raised its sales guidance.

UBS shares UBS tacked on 2% as the Swiss bank reported a third-quarter lossbut said its underlying profit was ahead of analyst estimates.

Hims & Hers Health Inc.’s stock HIMS rallied 12% after the telehealth company reported third-quarter revenue that increased more than Wall Street projected and raised its full-year outlook.

Alteryx Inc. shares AYX surged 21% after the software company reported a narrower-than-expected third-quarter loss and sales that rose above forecasts.

Stock decliners:

Air Products & Chemicals Inc.’s stock APD sank 11% toward a one-year low, enough to pace the S&P 500 index’s decliners, after the industrial gases company beat third-quarter profit expectations but missed on revenue by a wide marginciting lower energy cost pass-through.

Emerson Electric Co. shares EMR shed 8%, to make the S&P 500’s second-worst performer, after the industrial automation company’s fiscal fourth-quarter results rose, but missed expectation.

Shares of Sanmina Corp. SAM slid 13% toward a 14-month low after the manufacturing services provider’s fourth-quarter results and first-quarter forecast missed expectations.

Ventyx Biosciences Inc.’s stock VTYX plummeted a record 80% toward a record low, after the biopharmaceutical company said it has decided not to support further development of its plaque psoriasis and psoriatic arthritis treatments after disappointing trial results.

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