On this episode of Stock Movers:
- Wingstop (WING) shares rise after the restaurant operator reported adjusted earnings per share and revenue that beat the average analyst estimates. Wingstop also forecast total domestic stores comp sales growth for the full year of about +1%, above expectations.
- Starbucks (SBUX) shares rise. Shares rallied in New York trading Wednesday as investors focused on green shoots in the earnings release, including the first sales gain in China since the end of 2023. The stock has risen about 3% so far this year, lagging the S&P 500 Index.
- Palo Alto Networks (PANW) shares fell. Today, Palo Alto Networks Inc. agreed to buy CyberArk Software Ltd. in a cash-and-stock deal valuing the Israeli cybersecurity company at about $25 billion.
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