Biggest stock movers today: GameStop, Peloton, Micron Technology, CarMax and more
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Stock futures inched higher on Thursday after mixed economic data, but sentiment was impacted by bond yield surges and oil price increase, amid concerns over interest rates and inflation.
Here are some of Thursday's biggest stock movers:
Biggest stock gainers
Jabil (NYSE:JBL) soared above 13% following mixed Q4 results. The company anticipates Q1 core EPS between $2.40 and $2.80 vs. the consensus of $2.35. The company increased its share repurchase authorization to $2.5B.
The shares of GameStop (NYSE:GME) rose over 7% after the board elected billionaire activist investor Ryan Cohen as CEO, effective immediately. The change comes three months after former CEO Matthew Furlong left.
Peloton (NASDAQ:PTON) surged 14% after the announcement of a five-year partnership with Lululemon that could change the exercise equipment and services landscape dramatically. Starting October 11, co-branded apparel across Lululemonâs (NASDAQ:LULU) product lines will be available for purchase at Peloton retail stores and online in the U.S., U.K., and Canada. Starting November 1, Lululemon Studio All-Access Members will have access to thousands of Peloton classes for the same price they pay today. Exclusive Peloton content will also be available to those who sign up for Lululemon's free Essential membership program.
Biggest stock losers
CarMax (NYSE:KMX) shares fell more than 9% on mixed Q2 results, with net revenues down 13%, retail used unit sales down 7.4%, and wholesale car unit sales down 11.2%.
Despite strong Q4 results, shares of Micron Technology (NASDAQ:MU) slipped over 5%
on soft guidance. The company expects Q1 sales between $4.2B and $4.6B, with the midpoint above the $4.21B that analysts had expected, and an adjusted EPS loss between $1 and $1.14 per share, compared to analyst expectations of an adjusted loss of $0.96.

Workday (NASDAQ:WDAY) shares fell 9% after the cloud software firm reduced its projection for yearly subscription revenue growth over the next three years from 20%, to 17% to 19%.


More on Lululemon, Micron, etc.

Lululemon Athletica: Demonstrating Resilience Through Innovation
Micron Technology, Inc. (MU) Q4 2023 Earnings Call Transcript
Micron Q4 Earnings: Matching My Expectations, Still Not A Buy
Micron slips as mixed guidance overshadows strong Q4 results
Exercise shocker: Lululemon and Peloton enter broad strategic partnership