On this episode of Stock Movers:
- Wells Fargo (WFC) shares slump after the firm missed analysts’ profit estimates as severance costs drove up expenses, with the bank spending $612 million on severance.
- Coinbase (COIN) shares rise after news a new proposal tied to crypto market structure legislation would allow digital-asset companies to offer rewards to customers who hold stablecoins, with some exemptions.
- Palo Alto (PANW) shares fall after Reuters reported that China has told domestic companies to stop using cybersecurity software made by about a dozen US and Israeli firms due to national security concerns, citing people familiar with the matter.

Weekly Round up: Dell, Replimune, Snowflake Surged
04:03

Closing Bell: Dell Soars, Costco Dips, NetApp Rallies
05:04

Dell Soars, Gap Slides, Ford Climbs
04:18