Stansberry Research

U.S. Late-Day Stock Moves: CAL, AAL, GRUB, WORK, FSCT

Daniel SmootStansberry NewsWire

Advances:

  • Caleres (CAL) +20.2%. Analysts are optimistic about the company's second-half outlook due to new customer acquisition through e-commerce.
  • American Airlines (AAL) +10.9%, United Airlines (UAL) +9.7%, Delta Air Lines (DAL) +6.4%, Southwest Airlines (LUV) +1.7%. The airline industry continues to move higher on positive news involving capacity growth.
  • Grubhub (GRUB) +10.4%. Germany's delivery company Delivery Hero and the Netherlands' Just Eat Takeaway have expressed interest in an acquisition of the company.
  • Sysco (SYY) +7.4%. The company was upgraded from "equal weight" to "overweight" at Wells Fargo (WFC).
  • Tiffany & Co. (TIF) +5.9%. LVMH Moet Hennessy Louis Vuitton (LVMUY) is backing off from its earlier desire to renegotiate terms of its TIF acquisition.
  • PG&E (PCG) +5.2%. The company may be preparing $11 billion in debt financing as it moves towards exiting bankruptcy.
  • Broadcom (AVGO) +4.9%. The takeaway from the company's earnings was positive as cloud, telecom, and enterprise customer demand surged.
  • Hexcel (HXL) +4.6%. BMO upgraded the company from "perform" to "outperform."
  • Novavax (NVAX) +3.7%. The company was upgraded from "underweight" to "neutral" at JPMorgan Chase (JPM).

Declines:

  • Slack Technologies (WORK) -11.7%. The company's first-quarter highlighted slowing billing growth.
  • ForeScout Technologies (FSCT) -11%. Advent is seeking to subpoena a whistleblower email regarding potential channel stuffing after FSCT filed a suit against the company for delaying the closure of the companies' merger agreement.
  • PagerDuty (PD) -7%. The company's second-quarter outlook was weaker than anticipated and it also cut its full-year guidance midpoints.
  • MongoDB (MDB) -6.5%. MDB's second-quarter guidance was below estimates.
  • GameStop (GME) -4.7%. The company said its first-quarter results will all be negative.