Movers & Shakers: HP stock slumps on cautious outlook, VinFast shares on the move again and other stocks in the spotlight


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Here are the day’s biggest movers:

Stock gainers:

VinFast Auto
the Vietnam electric vehicle maker with a small float, rose 10% in premarket trade after skidding 44% on Tuesday.

Stock decliners:

Box Inc.’s
stock tumbled 9% after the applications developer reported quarterly results that barely topped analyst revenue and earnings estimates but offered weak guidance.

Shares of HP Inc.
skidded 9% following an earnings report highlighted by a third straight revenue miss and warnings of a challenging economy. HP Chief Executive Enrique Lores warned PC pricing has not “recovered as quickly,” but he said that the availability of AI products in late 2024 should “refresh” consumer and business sales.

Ambarella Inc. shares
dropped 21% after the video-chip maker issued a disappointing forecast.

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Alexandra Williams
Alexandra Williams
Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

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