Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Bed Bath & Beyond (BBBY) is higher after the home goods retailer and investor in blockchain reported net revenue for the first quarter that beat the average analyst estimate. Short interest in the name stands at nearly 13% of float, according to data from S3 Partners.
- UPS (UPS) is lower after it left its financial guidance unchanged despite topping Wall Street’s first-quarter sales and profit expectations.
- Spotify (SPOT) shares are lower as it reported results that underwhelmed Wall Street, forecasting operating income in the current quarter that missed analysts’ estimates. Spotify is trying to stay relevant to how people consume music and other media, and is grappling with how to use artificial intelligence to its advantage.