Midday movers: DocuSign, Tesla, Braze and more
Investing.com -- Stocks are rising as investors try to notch another rally for the S&P 500 ahead of next week's Federal Reserve meeting. Here are the market movers for June 9.
- DocuSign Inc (NASDAQ: DOCU) shares were down 2.9% a day after the company beat expectations for revenue and profit but said it was seeing cautious customer behavior along with smaller deal sizes and lower volumes.
- Tesla Inc (NASDAQ: TSLA) shares rose 4% after General Motors (NYSE: GM) joined Ford Motor (NYSE: F) in adopting the electric vehicle maker's charging technology, pushing Tesla a step further to becoming the industry standard for charging.
- Braze Inc (NASDAQ: BRZE) shares jumped 16% after the customer engagement platform posted a narrower-than-expected adjusted loss and better-than-expected revenue for the recent quarter.
- Planet Labs PBC (NYSE: PL) shares fell 26% after the satellite imaging company lowered its revenue outlook for the full year but said they continue to see strong demand.
- Adobe Systems Incorporated (NASDAQ: ADBE) shares were up 4.3% after Wells Fargo analysts upgraded the stock to Overweight, saying artificial intelligence will be a catalyst for the stock.