Movers & Shakers: Penn Entertainment shares surge on ESPN deal, ZipRecruiter stock slumps and other stocks on the move

Take-Two Interactive Inc. shares
TTWO,
-0.74%
rose 3% as ‘Grand Theft Auto V’ approaches its 10th birthday, and high anticipation for the sequel in 2024 had a forgiving effect on the company’s outlook.

Shares of Toast Inc.
TOST,
-0.74%
were rising 13% after the maker of payment technology for the restaurant industry achieved positive free cash flow for the first time since it went public.

Shares of ride-sharing service Lyft Inc.
LYFT,
+5.38%
rallied initially after the company reported quarterly results, but were down 8% in premarket trade.

Shares of Axon Enterprises Inc.
AXON,
-2.19%
rallied 10% in the extended session Tuesday after the TASER maker’s earnings topped Wall Street expectations.

Penn Entertainment Inc. shares
PENN,
-0.68%
were surging 13% after the company reached a deal with Walt Disney Co.’s ESPN to rebrand Penn’s sportsbook as ESPN Bet. Shares of sports-betting rival DraftKings Inc.
DKNG,
+0.25%
were down 6%, and FanDuel owner Flutter Entertainment
FLTR,
-4.96%,
which also reported results, slumped in London trade.

Shares of Twilio Inc.
TWLO,
-5.18%
were up 6% after the software company reported revenue and earnings that eclipsed the estimates of Wall Street analysts.

Shares of Duolingo Inc.
DUOL,
-2.95%
were up 7% after the language-learning app reported second-quarter results that beat expectations, helped by a jump in paid subscribers.

Stock decliners:

Super Micro Computers Inc. shares
SMCI,
-1.67%
fell 11% as the AI server maker’s outlook came in light.

Shares of ZipRecruiter Inc.
ZIP,
+1.93%
tumbled 15% after the job-posting site reported quarterly earnings above expectations but said employers are more reluctant to pay for job ads and the number of job openings has dwindled.

Upstart Holdings Inc.
UPST,
-0.42%
fell short with its third-quarter revenue forecast, and shares of the financial-technology company were declining 18%.

Shares of IAC Inc.
IAC,
-0.54%
 fell 9% after the media company reported second-quarter results that missed expectations.