Smartsheet, Smith & Wesson's stock rise, while Hooker Furnishings' stock drops, and other movers

By MarketWatch

Here are some of the biggest movers in Friday morning trading:

Stock gainers:

Shares of Smartsheet Inc.(SMAR) gained 14% after the company reported revenue and earnings that topped analyst estimates, and forecast strong sales for its fiscal year.

Firearms maker Smith & Wesson Brands Inc.(SWBI)reported a 35% jump in quarterly sales, and shares rose nearly 15%.

Kroger Co.'s stock (KR) rose 5% after the supermarket giant said it's selling more than 400 stores to C&S Wholesale Grocers for about $1.9 billion as part of its pending merger with Albertsons Cos. (ACI). The company also announced a $1.2 billion settlement for opioid claims and reported a 2.2% drop in second-quarter sales to $33.85 billion, below the FactSet consensus estimate of $34.1 billion.

Stock decliners:

Hooker Furnishings Corp.'s (HOFT) shares fell 14% after the maker of furniture and home-decoration products reported downbeat fiscal second-quarter results.

Shares of RH(RH), the furniture retailer formerly known as Restoration Hardware, dropped nearly 12% after the company warned that the higher-end housing market that the company depends on would likely remain rocky.

DocuSign Inc.'s shares (DOCU) dropped 5% despite topping earnings expectations and hiking its guidance amid continued tight business spending.

-MarketWatch

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09-08-23 1033ET

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