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Here are some of the most active stocks early Wednesday.
Stock gainers
AT&T
T,
and Verizon Communications
VZ,
each saw their stock rise by 3%. AT&T said in a Tuesday court filing that it would hold off on prior plans to remove lead-sheathed cables running underneath California’s Lake Tahoe amid recent reporting on the legacy cables.
Netflix shares
NFLX,
rose 1%, with the streaming giant reporting results after the closing bell.
Stratasys Ltd.’ stock
SSYS,
rose 1%, after its board again rejected a sweetened offer from Nano Dimension Ltd.
NNDM,
saying it continues to “significantly undervalue” the company. The pair have been locked in a three-way battle with 3D Systems Corp.
DDD,
which is also trying to acquire Stratasys, a maker of 3-D printers, since May.
Shares of AAR Corp.
AIR,
rose after the aviation-service company reported fiscal fourth-quarter results that beat analysts’ expectations, boosted by the continuing comeback in air travel.
Stock decliners:
Carvana Co. stock
CVNA,
fell 7% early Wednesday after the online auto retailer spooked markets by fast-forwarding its second-quarter report to before the bell Wednesday, a full two weeks ahead of schedule.
Shares of Western Alliance Bancorp.
WAL,
fell 2% after the Phoenix bank narrowly missed Wall Street expectations for its second-quarter profits.
Shares of Microsoft Corp.
MSFT,
dipped after the software giant announced steeper-than-expected pricing for its AI-powered 365 Copilot service and a separate partnership with Meta Platforms Inc.
META,
to produce an AI language model that produced a big jump in the company’s stock during the regular session.
Shares of Interactive Brokers Group Inc.
IBKR,
slid 5% after the online banking company reported fiscal second-quarter results that fell short of analysts’ estimates.
GitLab Inc.’s
GTLB,
stock slipped nearly 3% after the AI company named former Microsoft Corp.
MSFT,
executive Chris Weber as chief revenue officer and confirmed fiscal second-quarter and annual sales guidance.
Shares of United Community Banks Inc.
UCBI,
fell 6.1% after the regional bank reported second-quarter results that came up short of estimates, as competition to attract new customers drove up costs.
J.B. Hunt Transport Services Inc.
JBHT,
shares fell after the trucking, transportation and logistics provider reported second-quarter results that missed Wall Street’s expectations, amid weaker transportation demand.
Shares of Aurora Innovation Inc.
AUR,
slid 13% after the self-driving vehicle technology developer began a proposed public share offering of up to $200 million and agreed to a $600 million private sale to certain investors.
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