Stock Groups

Direct Digital, Lululemon Rally; Chewy Falls -Breaking

by Mike Robinson

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© Reuters.

Sam Boughedda

Younvesting.com — U.S. indexes have been moving lower on Wednesday, with 0.7% down at midday. These are the Wednesday midday movers for Wednesday March 30th.

BioNTech SEMidday Wednesday: (NASDAQ) traded just below 6% higher following the release of financial data by drugmaker. The company reported that earnings and revenues were substantially above forecasts. 

The other side is the opposite Chewy Inc (NYSE:) reported Tuesday night after close that it missed expectations and earnings. The company said it experienced deteriorating operating conditions in the quarter due to the omicron variant, which “disrupted already-weakened supply chains across our industry.” Chewy shares are down just under 14%.

Lululemon Athletica  (NASDAQ:) has jumped 9% after reporting per share of $3.37, beating analyst expectations by 10 cents. In addition, the company issued positive guidance and announced a $1 million share buyback program.

Direct Digital Holdings  (NASDAQ:) is one of the biggest movers so far today, trading 87% above Tuesday’s close after reporting higher revenue of $12.9 million. 

RHWednesday’s stock price dropped 12.8% after high-end furniture retailer, NYSE:, experienced softening in its first quarter. Analyst expectations were $931.31 Million. The company’s reported revenue was $902.74M.

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