Here are some of the biggest stock movers ahead of Wednesday’s market open:
Stock gainers:
Shares of Urban Outfitters Inc.
URBN,
jumped 10% after the retailer reported better-than-expected quarterly profits and sales in its first quarter.
PacWest Bancorp
PACW,
shares rose over 5% after saying it will sell its real-estate lending arm to Roc360 for an unspecified sum, as the beleaguered regional bank moves to refocus on its core business.
Palo Alto Networks Inc. shares
PANW,
rose 4% in premarket trading after the cybersecurity company turned in another beat-and-raise quarter and its CEO Nikesh Arora forecast the software industry would be transformed by AI over the next 12 to 24 months.
VF Corp.
VFC,
the owner of Vans sneakers, Timberlands and North Face gear, reported fourth-quarter results that were better than expected. Shares rose over 4%.
Stock decliners:
Agilent Technologies Inc.
A,
fell 9% after the lab-equipment maker cut its full-year outlook to reflect “increased market uncertainties.“
Intuit Inc. stock
INTU,
dropped more than 4% in the aftermarket Tuesday after the Turbo Tax parent reported a narrow revenue miss for its fiscal third quarter, and raised guidance.
The Vita Coco Co. Inc.’s stock
COCO,
COCO,
fell 2%, after shareholder Verlinvest Beverages SA. upsized a secondary offering, selling 5 million shares priced at $23 each, up from original plans to offer 4.5 million shares. The stock closed Tuesday at $24.56.
