After-Hours Stock Movers:
FedEx (NYSE:FDX) fell 9% after it reported disappointing quarterly EPS and guidance. First quarter results were negatively affected by a mix shift, which reduced demand for priority services, increased demand for deferred services, and constrained yield growth.
UPS (UPS) fell 3%, trading lower in sympathy with peer FedEx.
Nike (NYSE:NKE) surged 9% after it announced today that Elliott Hill will become President and Chief Executive Officer of NIKE, Inc., effective October 14, 2024. The Board and John Donahoe have decided he will retire from his role as President and Chief Executive Officer and from the NIKE, Inc. Board of Directors effective October 13.
Arq, Inc (ARQ) fell 12% after it announced that it has commenced an underwritten public offering of shares of its common stock.
Chewy (NYSE:CHWY) fell 7% after it announced the commencement of an underwritten offering of $500 million of shares of its Class A common stock by Buddy Chester Sub LLC , which is an entity affiliated with funds advised by BC Partners Advisors LP, Chewy’s largest shareholder.