Midday movers: CrowdStrike, JD rise; Foot Locker, NYCB fall
Investing.com -- Main U.S. indexes rose Wednesday, rebounding after the previous session’s sharp losses, ahead of the start of Fed chief Jerome Powell’s two-day testimony before Congress.
Here are some of the biggest U.S. stock movers today:
CrowdStrike (NASDAQ: CRWD) stock soared 12% after the cybersecurity firm delivered strong current-quarter guidance and better-than-anticipated fourth-quarter results.
Nordstrom (NYSE: JWN) stock fell 15% after the department store chain unveiled underwhelming full-year guidance that overshadowed better-than-expected fourth-quarter results.
JD (NASDAQ: JD) ADRs rose 17% after the Chinese online retailer reported fourth-quarter revenue above estimates and announced it would increase the size of its share repurchase program.
Coinbase (NASDAQ: COIN) stock rose 9% after the cryptocurrency exchange benefited from a surge in crypto mania, with bitcoin, the world’s most popular digital currency, hitting a record high earlier in the session.
Foot Locker (NYSE: FL) stock fell 29% after the footwear retailer reported a holiday-quarter loss and issued weak guidance for the current year.
SoFi Technologies (NASDAQ: SOFI) stock rose 3.5%, rebounding after the personal finance company fell sharply in the previous session after saying it had plans to raise $750 million by issuing convertible senior notes due 2029.
Box (NYSE: BOX) stock rose 8% after the cloud content storage and management platform posted solid financial results, delivering its first-ever $1 billion fiscal year and announcing a $100 million share-buyback program.
Evgo (NASDAQ: EVGO) stock rose 15% after the EV charging station network beat fourth-quarter revenue expectations, boosted by a tripling in charging revenue.
New York Community Bancorp (NYSE: NYCB) plunged 32% after WSJ reported the troubled lender is seeking to raise capital in a bid to shore up confidence.
Additional reporting by Louis Juricic