HP

HP dropped 7% in midday trading after reporting a fiscal third-quarter revenue miss. The PC maker reported quarterly revenue of $13.20 billion, lower than the $13.37 billion estimated by analysts.

Box

The cloud storage stock tumbled nearly 9% after delivering weak guidance for the current quarter. Box anticipates third-quarter earnings of 37 cents to 38 cents per share, compared to analysts’ estimate of 39 cents per share.

Ambarella

The semiconductor stock sank 17% on weak third-quarter guidance. Ambarella expects revenue of $50 million, falling short of the estimated $67.6 million.

PVH

Shares of PVH added 3.7% after the Calvin Klein parent reported an earnings beat for the second quarter. The company also raised its earnings outlook for the year.

Brown-Forman

The Jack Daniel’s parent slid 4.5% after missing Wall Street expectations for its first fiscal quarter of 2024.

Insulet

The insulin pump maker climbed 9.7% after CEO James Hollingshead reported buying 5,550 shares. The company also announced the launch of an insulin delivery service called Omnipod 5 in Germany.

Fluence Energy

Shares of Fluence Energy advanced 1.5% after Barclays initiated coverage of the energy storage stock with an overweight rating.

Spotify

The music streamer added 2.6% after Wells Fargo reiterated its buy rating, citing favorable third-quarter and fourth-quarter guidance.

Apple

The Big Tech giant rose 1.7% after Citi reaffirmed its buy rating, expressing optimism for the company’s upcoming event.

Rockwell Automation

The industrial automation stock retreated 2.7% following a downgrade to underweight by Wells Fargo, which cautioned about slowing sales growth.

Netflix

The tech stock rose 1.5% as Wells Fargo predicted a “much longer tail” of subscriber growth due to measures against password sharing and an expanding advertising tier.

Sunrun

Shares of the residential solar energy company jumped about 5% after Citi upgraded the stock to buy from neutral, citing numerous catalysts to drive the stock higher.

Align Technology

Shares of Align Technology rose 1.4% after HSBC initiated coverage of the stock with a buy rating, pointing out further market share opportunities and a strong brand presence.