Closing Bell Movers: DocuSign up 9% on better than expected Q4 results

Stock futures are up in the opening hour of Thursday’s evening session, with bearish momentum seemingly slowing heading into the final trading day of the week.  Investors are somewhat more positive amid commentary from Republican lawmakers that a government shutdown can be averted, while also looking for a floor after the S&P 500 index officially closed in “correction territory” – down 10% from February highs.  Note that the SmallCap benchmark – Russell 2000 – is now within a single percentage point earshot of a “bear market”, or a decline of 20% from its all time highs.  

In contrast to yesterday’s decline, Value was preferred to Growth in today’s trading, with five out seven MAG7 stocks down by more than 2.5%.  Gold has been reinforced as the market’s safe-haven destination however, reaching record highs above $3,000 per ounce.  Goldminers ETF – GDX – is also breaking out to 2025 highs with a catch-up rally, following the precious metal with a 3% gain today and a 28% increase year-to-date.

Check out this evening’s top movers from around Wall Street, compiled by The Fly.

HIGHER AFTER EARNINGS –

• Rubrik (RBRK) up 17.2%
• Afya Limited (AFYA) up 16.8%
• Semitech (SMTC) up 11.5%
• DocuSign (DOCU) up 9.0%
• Kingstone (KINS) up 7.5%
• ServiceTitan (TTAN) up 6.9%
• Ulta Beauty (ULTA) up 6.4%
• Pagerduty (PD) up 5.8%

ALSO HIGHER –

• Radius Recycling (RDUS) up 110.1% after announcing it is being acquired by  U.S. subsidiary of Toyota Tsusho
• Applied Optoelectronics (AAOI) up 57.7% after issuing Amazon warrant to purchase up to 7.95M shares
• Nektar Therapeutics (NKTR) up 7.2% after upgrade at Oppenheimer
• Beyond (BYON) up 3.6% after insider buy

DOWN AFTER EARNINGS –

• Xponential Fitness (XPOF) down 30.0%
• Turtle Beach (TBCH) down 9.1%
• Vuzix Corporation (VUZI) down 3.2%