Categories Analysis, Health Care, Markets

Trending stocks: Tandem Diabetes, Weight Watchers, MercadoLibre and more

TOP GAINERS

Tandem Diabetes Care (TNDM) on Tuesday said its COO John Sheridan will take over as the CEO of the company, succeeding Kim Blickenstaff on March 1. Blickenstaff will move into a newly created role of Executive Chairman of the Board. The announcement came along with stronger-than-expected fourth quarter results, which sent the stock up during the extended trading session.

The stock continued its upward momentum on Wednesday, gaining 27% during mid-day trading. During Q4, the company swung to a profit of 2 cents per share from a loss of $1.23 per share a year ago.

Southeast Asia-based internet platform Sea Limited (SE) saw its shares gain 22% on Wednesday after reporting fourth-quarter top line that more than doubled from last year. The company also reported steady growth in its e-commerce GMV and revenues, reinforcing the confidence of investors. The guidance also did not fail to surprise investors.

For long, Latin American online trading platform MercadoLibre’s (MELI) performance have been hurt by currency volatility. However, the company showed signs of recovery in the fourth quarter results, which sent the shares up over 17% on Wednesday. Sales rose 20% to $428 million, higher than $404 million expected by analysts. Quarterly loss of 5 cents per share was also narrower than the street projection.

Picture Courtesy: Pixabay.com

TOP LOSERS

Shares of fitness company Weight Watchers International (WTW) plunged 35% on Wednesday, a day after posting disappointing fourth-quarter revenue and weak outlook. Revenue came in at $330 million, compared to $349 million anticipated by analysts. The 2019 earnings forecast provided by the company also disappointed Wall Street.

Earlier in January, WTW stock had tumbled to a yearly low of $31.58 after brokerage firm JPMorgan downgraded it due to a weak start to its enrollment period.

Palm Beach Gardens, Florida-headquartered construction company Dycom Industries (DY) saw its shares tumble 30% on Wednesday as investors continued to be disappointed with its performance. The stock has tumbled 61% in the trailing 52 weeks. Though it managed to beat fourth-quarter revenue estimates, EPS of 10 cents fell short of the street target.

Medical technology company Inogen (INGN) saw its shares decline over 20% on Wednesday, spurred by disappointing quarterly results. The poor performance added to a bearish report published by Citron Research a few days back.

 

Earnings Call: Listen to on-demand earnings calls and hear how management responds to analysts’ questions

Most Popular

AVGO Earnings: All you need to know about Broadcom Q1 2021 earnings results

Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared

Infographic: Costco (COST) Q2 2021 sales up 15%; earnings miss

Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million

Will shifting to as-a-service model help Hewlett Packard in emerging stronger from COVID?

With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top