Stock Gainers
Upwork Inc.’s stock surged 21% following an impressive earnings report, marking a significant turnaround from the same quarter last year when the company faced losses.
Shares of Enovix Corp. rallied 15% as the lithium-ion battery maker projected higher fourth-quarter sales, exceeding expectations.
Rivian Automotive Inc.’s shares jumped 7% after the electric vehicle manufacturer reported a narrower quarterly loss and terminated its exclusive deal with Amazon.com Inc. for last-mile electric delivery vans.
Shares in Take-Two Interactive Software Inc. rose by 8% in response to a Bloomberg News report hinting at the possibility of a new Grand Theft Auto game being released as early as next week.
Stock Decliners
Sleep Number Corp.’s stock fell 30% after the retailer and mattress maker unexpectedly swung to a quarterly loss. Additionally, the company predicted a loss for the full year and reached an agreement with a shareholder seeking change.
Vroom Inc.’s shares plunged 12% as the used car seller reported widened losses for the third quarter.
Shares of Robinhood Markets Inc. fell by 7% following disappointing quarterly revenue results from the trading app.
Shares of Ebay Inc. dropped 7% after the online marketplace provided a lackluster revenue forecast for the holiday quarter, facing intensified competition from Amazon.com Inc. and other players.
Digital-marketing platform Klaviyo Inc. experienced a 6% decline as its third-quarter losses expanded and its fourth-quarter sales forecast fell short of Wall Street’s estimates.