On this episode of Stock Movers:
- On Holding (ONON) shares climbed as much as 28%, the most intraday since March 2023, after the Swiss sneaker brand boosted its sales forecast for the year after better-than-expected third-quarter results.
- Advanced Micro Devices (AMD) rallies as much as 11% on Wednesday, in biggest intraday jump since Oct. 8, after the semiconductor company projected accelerating sales growth over the next five years. Analysts are positive about the forecast and see “material upside” to current estimates.
- Black Rock Coffee Bar (BRCB) shares drop after the operator of drive-thru coffee bars announced its first earnings report since going public in September. The company also gave an outlook for the full year.