Yellow shares slump after trucking company files for bankruptcy and other stocks on the move
By MarketWatch
Here are some of the biggest movers of the day:
Stock gainers:Fortinet (FTNT)stock rose 3%, after it plummeted 25% on Friday, when the cybersecurity firm warned that an unusually large volume of deals got pushed beyond the June quarter.
Palantir Technologies Inc.'s stock (PLTR) rose 1% as the company is slated to report quarterly earnings after the bell on Monday. Analysts polled by FactSet expect the software company to report adjusted earnings of 5 cents a share on sales of $533 million for the quarter.
Stock decliners: Yellow Corp. shares (YELL)fell 29% as the trucking company filed for bankruptcy protection. The stock unusually rallied last week ahead of the expected announcement.
-MarketWatch
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08-07-23 0509ET
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