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Tupperware shares continue rally and Fastenal rises on earnings beat as Ford's stock falls after walkout

By MarketWatch

Here are some of the biggest movers of the day:

Stock gainers:

Shares of Tupperware Brands Corp. (TUP) continued their rally, rising 12% as the company's share price surged amid a bout of interest from so-called meme-stock investors.

Fastenal Co.'s stock (FAST) rose more than 6% after the construction hardware and equipment company delivered better-than-expected third-quarter earnings.

Walgreens Boots Alliance Inc. shares (WBA) rose more than 5% after the company indicated that its relatively high dividend remained safe, despite a fiscal fourth-quarter profit miss and downbeat outlook.

Shares of Victoria's Secret & Co. (VSCO) rose 0.8% after the maker of bras, lingerie and sleepwear said it could lose less than previously thought during the third quarter.

Stock decliners:

Hormel Foods Corp.'s stock (HRL) fell more than 10% after workers ratified a new contract. The United Food and Commercial Workers International Union said members who work for Hormel in Minnesota, Georgia, Wisconsin and Iowa have voted to ratify a new contract containing a wage increase of $3 to $6 an hour, the largest increase in the company's history.

Plug Power's stock (PLUG) fell 1.6% after the clean-energy company said it now expects to generate $7 billion in revenues by 2027 due to an uptick in sales from its hydrogen business.

Shares of carmaker Ford Motor Co. (F) fell more than 2% after the United Auto Workers union said 8,700 workers had walked out of a truck factory in Louisville, Ky.

Shares of cancer-immunotherapy company Tempest Therapeutics Inc. (TPST) dipped more than 57% after surging almost 4,000% on Wednesday following the publication of positive results for the company's TPST-1120 drug in patients with liver cancer.


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10-12-23 1511ET

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