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.
-MarketWatch
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
10-12-23 1511ET
Copyright (c) 2023 Dow Jones & Company, Inc.-
After Earnings, Is Alphabet Stock a Buy, a Sell, or Fairly Valued?
-
When Will the Fed Start Cutting Interest Rates?
-
What’s the Difference Between the CPI and PCE Indexes?
-
Powell Unfazed By Sticky Inflation, but Rate Cuts Are Far Off
-
After Earnings, Is Microsoft Stock a Buy, a Sell, or Fairly Valued?
-
Best- and Worst-Performing Stocks of April 2024
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Small-Cap and Value Stocks Are Undervalued
-
4 Utility Stocks to Play the AI Data Center Boom
-
Albemarle Earnings: We Expect Improved Results In the Rest of Year Following Cyclically Low Profits
-
Novo Nordisk Earnings: Raised Fair Value Estimate Still a Contrast to Market Overenthusiasm
-
After Earnings, Is Verizon Stock a Buy, a Sell, or Fairly Valued?
-
Look Inside Berkshire Hathaway’s Portfolio Before Its Annual Meeting
-
How to Invest Like Warren Buffett
-
Cognizant Earnings: Improved Profitability Buttresses Results as Customer Spending Remains Muted
-
10 Top-Performing Dividend Stocks of the Month