Skyworks Solutions and Qorvo rebounded from a previous sell-off, with Skyworks shares rising 10% and Qorvo increasing by 7%. In contrast, Axon Enterprise's stock fell 9% following its announcement of a $1 billion sale of convertible senior notes. Revvity's shares surged 7% to a new 52-week high after positive outlook comments at a healthcare conference, supported by a strong backlog.
Conversely, Dave & Buster's Entertainment experienced a 17% drop after reporting second-quarter revenues of $544.1 million, which fell short of the $556.8 million consensus estimate, alongside an unexpected adjusted loss of 27 cents per share.
Enova International's stock plummeted over 25% after it withdrew regulatory applications for acquiring Grasshopper Bancorp, despite reaffirming its guidance and announcing accelerated share repurchases. Sysco's shares slid 3% due to a common stock offering priced at $81 per share.
Alignment Healthcare's stock tanked 18% amid concerns over its institutional acute business and increased lengths of stay in skilled nursing. Waystar's shares rose more than 8% as it explores a potential sale to go private. Additionally, crypto-related stocks fell ahead of a Senate vote on the Clarity Act, with Coinbase down over 5% and Riot Platforms down 4%