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U.S. Late-Day Stock Moves: WDC, GPS, CSGP, MDLA, OPEN

Daniel SmootStansberry NewsWire
Friday, March 5th, 2021 at 8:30 PM

Advances:

  • Western Digital (WDC) +8%. WDC shares were upgraded from "neutral" to "buy" at Goldman Sachs.
  • Gap (GPS) +7%. GPS's fourth-quarter results beat estimates.
  • CoStar Group (CSGP) +6.7%. CSGP announced it was withdrawing its bid to buy CoreLogic.
  • Cisco Systems (CSCO) +4.6%. CSCO's shares were upgraded from "neutral" to "overweight" at JPMorgan.

Declines:

  • Medallia (MDLA) -15.3%. MDLA's fourth-quarter billings disappointed.
  • Opendoor Technologies (OPEN) -12.6%. OPEN's fourth-quarter earnings were weaker than expected.
  • Virgin Galactic (SPCE) -10.7%. Chairman Chamath Palihapitiya sold 6.2 million shares of SPCE.
  • GuideWire Software (GWRE) -4.8%. GWRE's third-quarter guidance disappointed.
  • SmileDirectClub (SDC) -4.2%. SDC's first-quarter earnings outlook was lower than anticipated.
  • CoreLogic (CLGX) -3.3%. CoStar announced it would not pursue acquiring CoreLogic.