Midday Stock Movers: Dell, American Eagle, Zscaler

  • Investing.com
  • Stock Market News
Midday Stock Movers: Dell, American Eagle, Zscaler
Credit: © Reuters.

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 revenue grew 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.

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