Midday Stock Movers: Dell, American Eagle, Zscaler

05/27/2022

1 minute read

2022.05.27 19:12

By Sam Boughedda

Investing.com — US equities are rising again on the last trading day of the week with the Nasdaq up 2.5%. Here are your midday movers on Friday, May 27th.

Dell Technologies (NYSE:DELL) rallied 11.8%, after better-than-expected earnings and revenue. The company saw demand rise for desktop and laptop computers.
Zscaler (NASDAQ:ZS) also topped earnings and revenue estimates, sending its shares 10.4% higher. The company’s revenuegrew 63% year-over-year to $286.8 million, while calculated billings increased 54% to $345.6 million.
Chinese e-commerce platform Pinduoduo (NASDAQ:PDD) is up 6.9% after it reported better than expected quarterly results as Covid-19 lockdowns in China boosted the demand for online shopping.
Shares of Iovance Biotherapeutics (NASDAQ:IOVA) have plummeted over 54% after it announced new clinical data for its experimental melanoma drug.
Ulta Beauty (NASDAQ:ULTA) has climbed 9.7%. The cosmetics retailer beat profit and revenue forecasts when it reported after the close Thursday, with strong demand for beauty products boosting its results. Ulta also provided an upbeat outlook.
American Eagle Outfitters (NYSE:AEO) has fallen over 5.2% after it missed earnings and revenue estimates. The company was impacted by weaker demand, higher gas prices, and a stronger than anticipated pivot to other discretionary categories.