{"id":12855,"date":"2023-05-23T21:31:58","date_gmt":"2023-05-24T01:31:58","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/lowes-pacwest-yelp-stocks-rally-while-bjs-and-zoom-video-shares-fall-and-other-stocks-on-the-move\/"},"modified":"2023-05-23T21:31:59","modified_gmt":"2023-05-24T01:31:59","slug":"lowes-pacwest-yelp-stocks-rally-while-bjs-and-zoom-video-shares-fall-and-other-stocks-on-the-move","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=12855","title":{"rendered":"Lowe\u2019s, PacWest, Yelp stocks rally while BJ\u2019s and Zoom Video shares fall, and other stocks on the move"},"content":{"rendered":"
\n

Here are some of the more prominent movers on Tuesday:<\/p>\n

Stock gainers:<\/strong><\/p>\n

Lowe\u2019s Companies Inc<\/strong>.\u2019s stock
\n LOW,
\n +1.72%<\/bg-quote>
\n jumped 1.7% in afternoon trading, after the home improvement retailer beat fiscal first-quarter profit expectations. While same-store sales fell more than forecast, they outperformed rival Home Depot Inc.
\n HD,
\n +1.47%<\/bg-quote>,<\/span>
\n and the lowered full-year profit guidance range still bracketed Wall Street projections.<\/p>\n

\n

PacWest Bancorp<\/strong> shares
\n PACW,
\n +7.74%<\/bg-quote>
\n rose 7%, a day after a 20% rally from selling a discounted portfolio of real estate loans. The extended gains, with the stock up 60% in five days, helped fuel a broad rally in the regional bank sector. The SPDR Regional Banking exchange-traded fund<\/strong>
\n KRE,
\n +0.99%<\/bg-quote>
\n climbed 2.0% with 134 of its 143 equity components gaining ground.<\/p>\n

Yelp Inc. <\/strong>shares
\n YELP,
\n +5.72%<\/bg-quote>
\n surged about 6% after\u00a0the Wall Street Journal reported\u00a0an activist investor is calling on the company to consider selling to boost its value.<\/p>\n

Shares of Wyndham Hotels & Resorts Inc<\/strong>.
\n WH,
\n +5.12%<\/bg-quote>
\n rallied nearly 7% after The Wall Street Journal reported that fellow hotel chain Choice Hotels International Inc. <\/strong>
\n CHH,
\n -4.56%<\/bg-quote>
\n was looking to buy the company. Choice Hotels shares slumped 4.6%.<\/p>\n

American International Group Inc.<\/strong> shares
\n AIG,
\n +3.35%<\/bg-quote>
\n hiked up 4.2%, after the insurer announced an agreement to sell its treaty reinsurance business to RenaissanceRe Holdings Ltd<\/strong>. for $2.74 billion in cash and $250 million worth of RenaissanceRe shares. That helped lift RenaissanceRe\u2019s stock
\n RNR,
\n +3.89%<\/bg-quote>
\n by 4.1%.<\/p>\n

Tegna Inc.\u2019s<\/strong> stock
\n TGNA,
\n +2.61%<\/bg-quote>
\n tacked on nearly 3% after the TV-station operator announced a $300 million \u201caccelerated\u201d stock buyback and raised its quarterly dividend by 20% following the termination of a merger deal with the hedge fund Standard General.<\/p>\n

Stock decliners: <\/strong><\/p>\n

Shares of BJ\u2019s Wholesale Club Holdings Inc<\/strong>.
\n BJ,
\n -7.26%<\/bg-quote>
\n dropped nearly 8% after the membership-based warehouse retailer reported fiscal first-quarter profit that matched expectations but revenue that missed.<\/p>\n

Zoom Video Communications Inc.\u2019s<\/strong> stock
\n ZM,
\n -8.07%<\/bg-quote>
\n took a 7.5% hit, reversing an initial 5% jump after hours Monday, as the videoconferencing company topped Wall Street expectations across the board on results and forecasts.<\/p>\n

U.S. Foods Holdings Corp<\/strong>.\u2019s stock
\n USFD,
\n -3.69%<\/bg-quote>
\n sank nearly 4% after the foodservice distributor said shareholder KKR Fresh Holdings LP was offering 17.4 million shares for sale.<\/p>\n

Lordstown Motors Corp<\/strong>. shares
\n RIDE,
\n -5.30%<\/bg-quote>
\n slumped more than 5% after the electric vehicle maker declared a 1-for-15 reverse stock split, that will be effective May 24.<\/p>\n

Shutterstock Inc<\/strong>. shares
\n SSTK,
\n -1.46%<\/bg-quote>
\n fell 1.4% after the the digital media and marketing company announced an agreement to buy GIF and stickers company Giphy Inc. from Meta Platforms Inc<\/strong>. for $53 million in cash. Meta\u2019s stock
\n META,
\n -0.64%<\/bg-quote>
\n eased 0.4%.<\/p>\n

Achieve Life Sciences Inc<\/strong>.\u2019s stock
\n ACHV,
\n -23.80%<\/bg-quote>
\n plunged 26%, as investors expressed disappointing in the data that came from a second confirmatory late-stage trial of its cytisinicline for quitting smoking and nicotine dependence.<\/p>\n

Guardant Health<\/strong>
\n GH,
\n -3.28%<\/bg-quote>
\n shares fell 2.2% after the cancer testing company announced a secondary offering of its stock.\u00a0<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Here are some of the more prominent movers on Tuesday: Stock gainers: Lowe\u2019s Companies Inc.\u2019s stock LOW, +1.72% jumped 1.7% in afternoon trading, after the home improvement retailer beat fiscal first-quarter profit expectations. While same-store sales fell more than forecast, they outperformed rival Home Depot Inc. HD, +1.47%, and the lowered full-year profit guidance range […]<\/p>\n","protected":false},"author":1,"featured_media":12856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-12855","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nLowe\u2019s, PacWest, Yelp stocks rally while BJ\u2019s and Zoom Video shares fall, and other stocks on the move | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Here are some of the more prominent movers on Tuesday: Stock gainers: Lowe\u2019s Companies Inc.\u2019s stock LOW, +1.72% jumped 1.7% in afternoon trading, after\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=12855\" 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