Stock Market Activity Today 6/1:
Pure Storage $PSTG up by 21% due to better-than-anticipated quarterly earnings and revenue. Furthermore, their revenue outlook for the upcoming quarter exceeded estimates.
Lululemon $LULU up 12% as the athletic apparel retailer beat fiscal first-quarter earnings expectations and increased its full-year guidance
Dollar General $DG down 20% due to disappointing first-quarter earnings and revenue. The company also decreased its full-year outlook, attributing this to a tougher macroeconomic climate than initially anticipated.
Chewy $CHWY up 25% after the pet retailer reported a surprise earnings beat, exceeded revenue expectations, and provided a bullish second-quarter revenue outlook.
C3 .ai $AI down 14% due to a weaker-than-expected outlook overshadowing its better-than-expected earnings for the previous quarter.
Lucid $LCID down 14% after the luxury EV maker announced a $3 billion stock offering. A significant portion of this amount, $1.8 billion, will come from a private placement with Saudi Arabia's Public Investment Fund, which owns approximately 60% of Lucid.
CrowdStrike $CRWD down 2% after the cybersecurity firm's quarterly results showed decelerating revenue growth, indicating potential concerns about its future growth trajectory.
Victoria’s Secret $VSCO down 8% after the company missed earnings and revenue targets. They also downgraded their full-year revenue guidance.
Salesforce $CRM down 4% due to rising cost concerns and a decline in consulting deal demand, which clouded their better-than-expected results and upgraded full-year earnings outlook.
Okta $OKTA down 18% after the cloud software firm warned about increasing macroeconomic pressures. The company also faced a downgrade from JPMorgan Chase.
Yesterdays Update: https://www.reddit.com/r/stocks/comments/13x13ax/stock_market_activity_today_531/
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