LeArchitecto/iStock via Getty Images Stock futures were largely unchanged in the premarket hours of Wednesday as market participants eagerly awaited Fed minutes and NVIDIA results due later today. Here are some of Wednesday's biggest stock movers: Biggest stock gainers Urban Outfitters ( NASDAQ: URBN ) shares surged nearly 9% following upbeat Q1 results driven by more than 10% Y/Y growth at its Anthropologie and Free People segments. CEO Richard A.
Hayne stated, “Customer demand remains robust for our spring and summer fashion, which bodes well for continued sales growth in Q2." Biggest stock losers Viasat ( NASDAQ: VSAT ) lost about 11% after reporting a loss in FQ4 results, even though revenue grew 72% year over year. Moreover, the company predicts flat Y/Y revenue growth for FY2025, excluding the one-time catch-up benefits from the $95M litigation settlement in Q2 FY2024, and low to mid-single-digit Y/Y adjusted EBITDA growth, excluding the one-time benefits from the $86M litigation settlement in Q2 FY2024.
Satellite services revenue is anticipated to decline low to mid-single digits Y/Y, mainly due to a decline in U.S. fixed broadband revenue.
Provider of virtual and in-person outpatient mental health care, LifeStance Health Group ( NASDAQ: LFST ) shares plunged 11% after pricing a secondary offering of 20M shares at $6.25 per share. Currently, shares are changing hands at $6.
50. The offering is expected to settle and close on or about May 24, 2024. More on related stoc.
