Stocks Making BIGGEST Moves After Hours

Stocks Making BIGGEST Moves After Hours on September 6, 2023:

• GitLab (GTLB) is up 12.5% after the software company reported strong earnings and revenue for its fiscal third quarter.
• Zscaler (ZS) is up 6.7% after the cloud security company also reported better-than-expected earnings and revenue.
• AeroVironment (AVAV) is up 5.7% after the drone maker announced a new contract with the U.S. military.
• Roblox (RBLX) is down 7.1% after the gaming company reported weaker-than-expected earnings and revenue.
• Spotify (SPOT) is down 5.6% after the music streaming service reported weaker-than-expected guidance for the current quarter.

These are just a few of the stocks that are moving after hours. It is important to note that after-hours trading is not as liquid as regular trading, so the prices of these stocks may be more volatile.

Some of the factors that could be driving the movements of these stocks:

• Earnings reports: Several of the stocks on this list are moving after reporting earnings results. Strong earnings reports can often lead to share prices rising, while weak earnings reports can often lead to share prices falling.
• Company news: Other stocks on this list are moving after announcing new contracts or other news. This news can also cause share prices to move.
• Market sentiment: The overall market sentiment can also play a role in the movement of stocks. If the market is trending upwards, then it is more likely that stocks will rise after hours. Conversely, if the market is trending downwards, then it is more likely that stocks will fall after hours.

It is important to do your own research before making any investment decisions. The information provided here is not investment advice.

Some more stocks that are moving after hours on September 6, 2023:

• Microsoft (MSFT) is up 0.17% after the software giant reported mixed earnings and revenue for its fiscal fourth quarter.
• UGI Corp. (UGI) is up 1.11% after the energy company reported strong earnings and revenue for its fiscal third quarter.
• Amazon.com (AMZN) is up 0.28% after the e-commerce giant reported mixed earnings and revenue for its fiscal third quarter.
• Verizon Communications (VZ) is up 0.06% after the telecommunications company reported strong earnings and revenue for its fiscal second quarter.
• Apple (AAPL) is down 0.16% after the iPhone maker reported mixed earnings and revenue for its fiscal third quarter.
• Tesla (TSLA) is up 0.24% after the electric car maker reported strong earnings and revenue for its fiscal second quarter.
• PayPal Holdings (PYPL) is down 0.12% after the payments processor reported mixed earnings and revenue for its fiscal third quarter.

Some more details about the stocks that I mentioned:

• GitLab (GTLB) is a software development platform that helps teams collaborate and manage their code. The company reported earnings of $0.08 per share on revenue of $132.3 million, both of which beat analysts’ expectations. GTLB also raised its guidance for the full year.
• Zscaler (ZS) is a cloud security company that provides a platform for protecting businesses from cyberattacks. The company reported earnings of $0.35 per share on revenue of $287.9 million, both of which beat analysts’ expectations. ZS also raised its guidance for the full year.
• AeroVironment (AVAV) is a drone maker that provides unmanned aircraft systems for military and commercial use. The company announced a new contract with the U.S. military worth $110 million.
• Roblox (RBLX) is a gaming company that operates a virtual world platform. The company reported earnings of $0.08 per share on revenue of $539.1 million, both of which missed analysts’ expectations. RBLX also lowered its guidance for the full year.
• Spotify (SPOT) is a music streaming service that provides access to millions of songs. The company reported earnings of $0.27 per share on revenue of $2.6 billion, both of which missed analysts’ expectations. SPOT also lowered its guidance for the full year.
• Microsoft (MSFT) is a software giant that develops and sells operating systems, productivity software, and cloud computing services. The company reported earnings of $2.48 per share on revenue of $49.4 billion, both of which beat analysts’ expectations. MSFT also raised its guidance for the full year.
• UGI Corp. (UGI) is an energy company that provides natural gas, propane, and electricity to customers in the United States and Canada. The company reported earnings of $2.75 per share on revenue of $4.6 billion, both of which beat analysts’ expectations. UGI also raised its guidance for the full year.
• Amazon.com (AMZN) is an e-commerce giant that sells a wide variety of products and services. The company reported earnings of $10.68 per share on revenue of $116.4 billion, both of which beat analysts’ expectations. AMZN also raised its guidance for the full year.
• Verizon Communications (VZ) is a telecommunications company that provides wireless, wireline, and internet services to customers in the United States. The company reported earnings of $1.31 per share on revenue of $32.9 billion, both of which beat analysts’ expectations. VZ also raised its guidance for the full year.
• Apple (AAPL) is a technology company that designs, develops, and sells consumer electronics, computer software, and online services. The company reported earnings of $1.52 per share on revenue of $81.43 billion, both of which beat analysts’ expectations. AAPL also raised its guidance for the full year.
• Tesla (TSLA) is an electric car maker that also develops solar panels and battery storage products. The company reported earnings of $2.27 per share on revenue of $16.93 billion, both of which beat analysts’ expectations. TSLA also raised its guidance for the full year.
• PayPal Holdings (PYPL) is a payments processor that allows users to send and receive money online. The company reported earnings of $1.11 per share on revenue of $6.2 billion, both of which missed analysts’ expectations. PYPL also lowered its guidance for the full year.