NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday: Zoom Video Communications Inc., up $15.79 to…
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday:
Zoom Video Communications Inc., up $15.79 to $223.87
The video-conferencing company’s first-quarter financial results and forecasts blew past Wall Street’s expectations on a surge in demand.
Microchip Technology Inc., up $11.95 to $108.79
The chipmaker raised its profit and revenue forecasts and said supply chain problems are easing.
Lyft Inc., up $2.76 to $34.44
The ride-hailing company said business improved in May with a 26% increase in rides from April.
The Cheesecake Factory Inc., up $3.42 to $24.37
The restaurant operator said that reopened locations have recaptured about 75% of their prior-year sales.
Canada Goose Holdings Inc., up $3.83 to $25.42
The high-end coat maker beat Wall Street’s fiscal fourth-quarter revenue forecasts.
Coty Inc., up 56 cents to $4.75
The maker of Clairol and other beauty products is discussing a potential collaboration with Kim Kardashian West.
HealthEquity Inc., down $4.53 to $58.08
The healthcare accounts manager reported disappointing first-quarter earnings and gave investors a weak financial forecast.
Ambarella Inc., down $8.55 to $53
The video-compression chipmaker gave investors a weak revenue forecast for the second quarter.
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