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Here are some of Wednesday’s notable stock moves.
Stock gainers:
Shares of Target Corp.
TGT,
were gaining almost 3% after the retailer posted a sizable profit beat.
TJX Cos.
TJX,
saw improvement in its home-goods sales, and its shares were moving nearly 4% higher.
H&R Block Inc.’s
HRB,
stock was rising 9% after the tax preparer’s earnings and forecast both topped Wall Street expectations.
Shares of Cava Group Inc.
CAVA,
were increasing nearly 2% after the fast-casual Mediterranean restaurant chain and recent IPO reported second-quarter results that beat expectations.
Stride Inc.’s
LRN,
stock was rising about 5% after the online-education company reported fiscal fourth-quarter earnings and revenue that beat Wall Street estimates. Stride attributed revenue growth in fiscal 2023 to enrollment strength and increases in revenue per enrollment.
DLocal Ltd.
DLO,
shares were rocketing 35% after the financial-technology company beat earnings expectations and named a “widely respected payments leader” as its co-chief executive.
Stock decliners:
Coherent Corp.
COHR,
shares were tumbling nearly 30% after the optoelectronics company came up well shy with its forecast for the quarter and the full year.
Shares of Sacks Parente Golf Inc.
SPGC,
turned 84% lower after huge rally on their Nasdaq debut. The golf-equipment maker sold 3.2 million shares Tuesday to raise $12.8 million.
Intel Corp.’s
INTC,
stock was slipping more than 3% after the chipmaker’s deal to purchase Tower Semiconductor Ltd.
TSEM,
fell apart. Tower’s stock was tumbling more than 11%.
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