Biggest stock movers today: Bloomin' Brands, XPeng, Farfetch and more
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Stock Futures inched down on Friday as a rise in Treasury yields continue to put pressure on stocks.
Here are some of the Friday's biggest stock movers:
Biggest stock gainers

Bloomin' Brands (NASDAQ:BLMN) climbed 8% as Actvist fund Starboard Value acquired a nearly 10% interest in the company. With this transaction, Starboard becomes one of Bloomin' Brands' top five stockholders.

Shares of Dolby Laboratories (NYSE:DLB) surged 6% after being added to the S&P midcap 400, replacing Staar Surgical Co (STAA). Staar Surgical (+2%) will take the place of Urstadt Biddle Properties (UBA) in the S&P SmallCap 600 when the market opens on Tuesday, August 22.
Ross Stores (NASDAQ:ROST) shares jumped more than 5% after the company exceeded expectations in Q2. The retailer forecasts comparable sales to increase 2% to 3% in Q3 vs. +1.0% consensus, and to be 1% to 2% higher in Q4. EPS for Q3 is projected to be in a range of $1.16 to $1.21 vs. $1.17 consensus, and Q4 EPS is projected to be between $1.58 to $1.64 vs. $1.56 consensus.

Biggest stock losers

XPeng (NYSE:XPEV) stock fell 7% as the Chinese electric vehicle maker disclosed a larger-than-expected Q2 loss, as well as the company's largest loss since going public in 2020. The profit line was under strain due in part to price cuts implemented before and during the quarter.
Shares of Farfetch Limited (NYSE:FTCH) slumped more than 42% following mixed Q2 results and a disappointing outlook. The online luxury fashion retailer expects FY2023 revenue of approximately $2.5B, up from $2.3B in 2022, but much below the average analyst estimate of $2.8B. "The recent performance of Farfetch raises significant doubts about its future prospects, given the numerous flaws in the reported results and a lack of positive indicators," writes SA contributor Michael Wiggins De Oliveira.
Keysight Technologies (NYSE:KEYS) plunged roughly 12% as the company's Q4 outlook fell short of analysts' expectations. The company anticipates Q4 revenue in the range of $1.29B to $1.31B vs. consensus of $1.4B, and non-GAAP EPS in the range of $1.83 to $1.89, below consensus of $2.01.


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