STOCKS THAT MADE PRONOUNCED MOVEMENTS ON THE AMERICAN EXCHANGE YESTERDAY

American Eagle Outfitters roams around $20 per share

The first stock is American Eagle Outfitters, which saw an eventful day. The company achieved better earnings per share than expected (43 cents vs. 42 expected). However, its revenues fell short at $1.24 billion instead of the $1.26 sought after. The company’s stock price is currently at $21, up from $20 before, following an earlier fall after reporting mixed fourth quarter earnings.

AEO Stock Price Today

Allegro’s depression treatment fails

The second company is Allegro, who sells pharmaceuticals. Allegro lost 5 US dollars from its stock price, falling from $137 per share to $131, although it recovered some ground later. The fall came after the company announced that its promising treatment for depression “paraspinal” failed the trail and did not produce the desired results. The news was quickly priced in. The Chief Research and Development Officer at the firm said afterwards that the company’s efforts to develop good cures for psychiatric illnesses were ongoing.

ALGR Stock Price Today

Better than expected results for Guidewire Software

The third company is Guidewire software, whose stock price jumped from around $86 to over $95. The move was prompted by the company’s financial results. Guidewire earned $9 million more than analysts had expected ($169 million vs. $160 expected). There were also strong third quarter forecasts as the company expects to make above $150 million in the near term.

GWRE Stock Price Today

Yext’s stock displays a sideways movement

The fourth company is Yext. The company’s stock lost some ground after its performance results were announced. The results showed a loss of 3 percent per share, and a revenue of $63.8 million. The stock is currently showing sideways movements, and the company still expects further losses in 2020.

YEXT Stock Price Today

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