Toast, Upstart shares sink while Take-Two's stock rallies — and other stocks on the move

By MarketWatch

Here are some of the most notable stock moves in Wednesday's action

Here are some of the most notable stock moves in Wednesday's action.

Stock gainers:

Upwork Inc.'s stock (UPWK) was surging 11% as the company reported a big beat on earnings after losing money in the same quarter a year ago.

Shares of Enovix Corp. (ENVX) were rallying 14% Wednesday after the lithium-ion battery maker forecast fourth-quarter sales that were above expectations.

Shares of Take-Two Interactive Software Inc. (TTWO) jumped 7% as the video game company said it would unveil a trailer for the new "Grand Theft Auto game" in December.

Marqeta Inc. shares (MQ) were exploding more than 20% higher after the card-issuing company posted an upbeat earnings report.

Stock decliners:

Rivian Automotive Inc. shares (RIVN) fell 6%, though the EV maker narrowed its quarterly loss and said it ended an exclusivity deal with Amazon.com Inc. (AMZN) for its last-mile electric delivery vans.

Upstart Holdings Inc. shares (UPST) were sinking more than 20% after the lending company whiffed on its quarterly outlook.

Shares of Toast Inc. (TOST) were sinking 13% as one company dubbed the company's forecast a disappointment.

Warby Parker Inc. (WRBY) upped its full-year outlook, but shares of the eyewear company were sinking more than 20% after earnings.

Sleep Number Corp.'s stock (SNBR) fell 25% after the retailer and mattress maker swung to a surprise quarterly loss, predicted a loss for the full year and said it reached an agreement with a shareholder that had been pushing for change.

Shares of Warner Bros. Discovery Inc. (WBD) were slumping 16% after the media company showed swelling losses for its latest quarter.

Vroom Inc. shares (VRM) plunged 21% after the used car seller said its losses widened in the third-quarter.

Shares of Robinhood Markets Inc. (HOOD) fell 14% after the trading app reported quarterly revenues that missed expectations.

Shares of eBay Inc. (EBAY) dropped 4% after the online marketplace offered a tepid revenue forecast for the holiday quarter amid intensifying competition from Amazon and others.

Digital-marketing platform Klaviyo Inc. (KVYO) saw its stock fall 15% as third-quarter losses swelled and its fourth-quarter sales forecast came up short of Wall Street's estimates.

-MarketWatch

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11-08-23 1301ET

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