US Market today: Is Bed Bath & Beyond stock rally over? Check out gainers and losers in US stocks today
What happened in the US stock market today?
- US Stocks ended mildly positive. Dow rose 0.1%, S&P 500 ended 0.2% higher and Nasdaq gained 0.2%.
- Kohl's Corp share price fell 8% after the retailer cut its full-year sales and profit forecasts.
- Target share price extended fall after reporting a 90% fall in quarterly earnings and missing sales estimates.
- Bed Bath & Beyond share price share price fell 20% after Ryan Cohen (CEO at GameStop) highlighted plans to sell the meme stock.
US Most Active Stocks Today
|Stock price action||Reason behind the move|
|Arcimoto fell 5%||Arcimoto share price extended losses over weak sales and higher than anticipated losses in the June quarter.|
|ARK Genomic Revolution ETF lost 1%||ARK Genomic Revolution ETF price fell driven by losses in underlying stocks of Pacific Biosciences, Exact Sciences, Twist Bioscience, and Teladoc Health.|
|ARK Innovation ETF fell 1%||ARK Innovation ETF price fell driven by losses in underlying stocks of Teladoc Health, Coinbase Global and Unity Software.|
|Cisco jumped 6%||Cisco share price skyrocketed after the firm reported a solid set of quarterly earnings, forecasted for a better growth in 2nnd half of 2022.|
|Cloudflare lost 2%||Cloudflare share price fell over reports of selling by one of the investors - Buckingham Strategic Wealth LLC.|
|Coinbase lost 2%||Coinbase share price fell over reports of regulatory risks over the new feature of Ethereum Staking.|
|Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF rose 8%||Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF price skyrocketed tracking the gains in the energy stocks of Devon Energy, Antero Resources and ConocoPhillips.|
|Direxion Daily Semiconductor Bull 3X ETF jumped 7%||Direxion Daily Semiconductor Bull 3X ETF price jumped sharply following the gains in chip stocks of Broadcom, Marvell Technology, NVIDIA, and Advanced Micro Devices, Inc. (AMD).|
|Direxion Daily Technology Bull 3X ETF rose 1%||Direxion Daily Technology Bull 3X ETF price rise following the gains in underlying stocks of NVIDIA Corporation, Mastercard and Mastercard.|
|Nu lost 1%||Nu share price witnessed profit booking, stock still up 21% in last 1-week on the back of robust earnings, Softbank buying stake.|
|NVIDIA jumped 2%||NVIDIA share price jumped ahead of its earnings release next week, anticipation of strong profits growth in June quarter.|
|ProShares Bitcoin Strategy ETF rose 1%||ProShares Bitcoin Strategy ETF price rose tracking the jump in Bitcoin prices and trading volumes.|
|ProShares Ultra Semiconductors jumped 4%||ProShares Ultra Semiconductors ETF price rose sharply driven by gains in chip stocks of Broadcom Inc., NVIDIA Corporation and QUALCOMM.|
|ProShares UltraPro S&P 500 ETF gained 1%||ProShares UltraPro S&P 500 ETF price rose tracking the gains in S&P 500 index after strong earnings release by Cisco, solid jobs data.|
|Rivian lost 1%||Rivian share price extended fall over reports of the firm cancelled production of its most affordable electric truck.|
|Robinhood fell 2%||Robinhood share price fell over reports of 6% fall in monthly active users in July, cutting the acquisition offer by half for UK fintech Ziglu.|
|Roblox fell 2%||Roblox share price extended decline over reports of hedge fund Altos Ventures selling a stake in open market.|
|Shopify fell 1%||Shopify share price fell, down more than 10% in last 1-week, over reports of weak business growth forecast, looming analyst downgrades.|
|Snapchat jumped 4%||Snapchat share price rose sharply over reports of business restructuring, scraps development of Pixy flying selfie drone.|
|Square lost 1%||Square share price extended fall over the downgrade by Macquarie, price target now $64 - 20% lower than current market price.|
|Twilio fell 1%||Twilio share price extended fall over reports of management team selling stocks in the open market.|
|Uber ended 2% lower||Uber share price fell over reports of Mirae Asset Global Investments selling more than 8 Lakh Shares in open market.|
|Upstart fell 6%||Upstart share price fell over anticipation of weak profit ratios, lending business growth due to rising interest rates in the US.|
|WeWork lost 7%||WeWork share price witnessed profit booking after rallying sharply in last week, stock still up 6% from the start of August month.|
Why did Kohl's share price tank?
Kohl's Corp share price fell 8% after the retailer cut its full-year sales and profit forecasts.
Why did Snapchat stock jump?
Snapchat share price rose sharply over reports of business restructuring, scraps development of Pixy flying selfie drone.
Why is Cisco stock on a rise?
Cisco share price skyrocketed after the firm reported a solid set of quarterly earnings, forecasted for a better growth in 2nnd half of 2022.
Is Bed Bath & Beyond stock rally over?
Bed Bath & Beyond share price share price fell 20% after Ryan Cohen (CEO at GameStop) highlighted plans to sell the meme stock.