Stock Market Updates: Best and Worst Performers on Friday
Friday’s stock trading session witnessed some significant movements in various companies, with some stocks soaring while others plunged. Let’s take a closer look at the top gainers and losers:
Gainers:
1. Ulta Beauty Inc.: The beauty products retailer exceeded expectations by surpassing Wall Street’s first-quarter earnings forecasts, leading to a $9.51 increase in its stock price to $395.09.
2. Gap Inc.: The clothing chain reported a profit in the first quarter that beat analysts’ forecasts, resulting in a $6.44 surge in its stock price to $28.96.
3. VF Corp.: The maker of popular brands like North Face and Timberland appointed Michelle Choe as the president of its Vans brand, which contributed to a 95 cent increase in its stock price to $13.28.
4. Zscaler Inc.: The cloud-based information security provider raised its earnings forecast for the fiscal year, leading to a $13.31 rise in its stock price to $169.96.
5. NetApp Inc.: The data storage company outperformed analysts’ expectations in its fiscal fourth-quarter financial results, causing a $3.93 jump in its stock price to $120.43.
Losers:
1. Veeva Systems Inc.: The cloud-based software services provider disappointed investors with a revenue forecast below Wall Street expectations, resulting in a $19.94 drop in its stock price to $174.25.
2. MongoDB Inc.: The database platform revised its earnings forecast for the year, leading to a significant $73.94 decrease in its stock price to $236.06.
3. SentinelOne Inc.: The cybersecurity provider reduced its revenue forecast for the year, contributing to a $2.59 decline in its stock price to $16.83.
The stock market is always filled with ups and downs, and Friday was no exception. Investors should carefully analyze these movements and make informed decisions to navigate the volatility of the market effectively. Make sure to stay updated with the latest developments and trends to make the most out of your investment portfolio.
