AMC Entertainment's shares increased by 5.5% following CEO Adam Aron’s strong condemnation of Robinhood's stock token practices, which he described as 'contemptible.' In contrast, Robinhood's stock fell nearly 2%.
Credit monitoring companies Equifax and TransUnion experienced declines after Federal Housing Finance Agency Director Bill Pulte announced that they have been overcharging consumers, hinting at upcoming changes. Rare earth stocks gained traction, with USA Rare Earth and Critical Metals rising about 4% after reports of halted U.S. shipments from some Chinese firms due to geopolitical tensions.
Smith & Wesson's shares surged 11.7% after reporting quarterly earnings of 6 cents per share, exceeding expectations. Conversely, Lululemon's stock plummeted 20% after it projected earnings below analyst expectations, forecasting 93 to 98 cents per share against a consensus of $2.40.
Zscaler's stock dipped nearly 2% despite beating earnings expectations, while Adobe's shares fell nearly 3% following the announcement of a new CEO, Anil Chakravarthy. Planet Labs saw a 13% increase in shares after reporting strong second-quarter results, while Asana's shares dropped 9.5% due to lackluster guidance. Guidewire Software's stock fell 14.5% after its revenue guidance missed estimates.
Samsara's shares surged 15% on optimistic projections, while UiPath lost 7.4% despite slightly beating revenue expectations. Oxford Industries faced a 17% decline after cutting its full-year guidance significantly