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Midday movers: Advance Auto Parts, Hewlett Packard Enterprise, Twilio and more

Published 2023/05/31, 19:12
© Reuters

Investing.com -- Stocks are falling on Wednesday as lawmakers prepared to vote on the debt ceiling deal. Here are the market movers for May 31.

  • Advance Auto Parts Inc (NYSE:AAP) stock fell 35% after the company fell short of estimates on profit and revenue in the recent quarter and cut its full-year guidance.
  • Hewlett Packard Enterprise Co (NYSE:HPE) stock fell 6.8% after the networking equipment maker missed on revenue expectations and cut its full-year sales outlook despite optimism about its opportunity in artificial intelligence. HP Inc (NYSE:HPQ), the PC maker, also fell 4.6% on a drop in personal computer sales.
  • Twilio Inc (NYSE:TWLO) shares rose 7.9% after The Information reported an activist is pushing it to make board changes and consider divestitures.
  • SoFi Technologies Inc. (NASDAQ:SOFI) stock rose another 10.8%, adding to Tuesday's gains, after the deal on raising the nation's debt ceiling included a provision that student loan repayments would resume after the pandemic-era pause.
  • Anheuser Busch Inbev (EBR:ABI) (NYSE:BUD) shares fell 2.5% after analysts reported the company's Bud Light sales continued to fall in May amid controversy over a social media promotion that sparked calls for a boycott of the brand.

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