Del, Nutanix, Nio, Elastic and MongoDB shares rally while Broadcom's stock falls, and more moving shares

By MarketWatch

Lululemon's stock is up after company bumps full-year forecast higher

Here are some of the day's biggest movers:

Stock gainers:

Nutanix Inc.'s stock (NTNX) soared more than 14% after quarterly revenue and earnings surpassed analyst estimates, and fiscal first-quarter sales guidance blew past forecasts. The company also announced the repurchase of up to $350 million in stock.

Dell Technologies Inc.'s stock (DELL) rallied 22% after the tech company beat Wall Street expectations for its fiscal second quarter and said artificial intelligence is already showing a "long-term tailwind."

Elastic NV's stock (ESTC) rocketed 16.5% after the company's first-quarter earnings of 25 cents a share beat the FactSet consensus estimate of 11 cents a share.

Lululemon Athletica Inc.(LULU) reported same-store sales that missed expectations, but the yoga-themed apparel maker bumped its full-year forecast higher. Shares were up 2.4%.

MongoDB Inc.(MDB), the database-software company, advanced by nearly 4% after its second-quarter adjusted profit of 93 cents a share blasted past the FactSet consensus estimate of 46 cents a share.

Nio Inc.'s stock (NIO) rose about 9.4% after the China-based electric-vehicle maker said its latest deliveries nearly doubled on top of past gains.

Stock decliners:

PagerDuty Inc. shares (PD) initially rose then fell more than 7%, despite a 19% improvement in year-over-year quarterly sales.

Broadcom Inc.'s stock (AVGO) was down by about 4% after the chip and software company merely met expectations with its quarterly revenue forecast.

Tesla Inc.'s stock (TSLA) slipped 2.4% after the EV maker announced fresh price cuts for its Model S and Model X cars in China, two weeks after having lowered prices on those premium vehicles.

Walgreens Boots Alliance Inc. shares (WBA) fell by 2.7% after the drugstore chain and healthcare-services company said Chief Executive Rosalind Brewer stepped down after two and a half years in the role.

-MarketWatch

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09-01-23 1011ET

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