After-Hours Stock Movers:
General Motors (NYSE:GM) rose 2.4% after it announced it will no longer fund Cruise’s robotaxi development work given the considerable time and resources that would be needed to scale the business.
Rocket Pharmaceuticals (NASDAQ:RCKT) fell 6.75% after it announced today that it intends to offer and sell $150 million of shares of its common stock in an underwritten public offering.
Stitch Fix (NASDAQ:SFIX) rose 20% after reporting solid quarterly results and guidance. Gross margin was 45.4%, an increase of 180 basis points year-over-year, which reflects improved transportation leverage and product margins.
Dave & Buster's Entertainment (PLAY) fell 13% after third quarter results fell short of consensus. Additionally, Chris Morris, the Company’s Chief Executive Officer, has tendered his resignation.
GameStop (NYSE:GME) rose 14% after reporting mixed third quarter results. Net sales were $0.860 billion for the period, compared to $1.078 billion in the prior year's third quarter.
Q32 Bio (QTTB) fell 68% after its SIGNAL-AD Phase 2a clinical trial in atopic dermatitis demonstrated promising findings in Part A but did not meet primary endpoint in Part B.
Acelyrin (SLRN) fell after its Phase 2b/3 trial of izokibep did not meet primary endpoint; secondary endpoints also did not achieve statistical significance.
SIGA Technologies (SIGA) fell 7% after interim analysis shows that tecovirimat did not improve time to lesion resolution compared to placebo in adults with mild to moderate clade II mpox.
Joby Aviation (NYSE:JOBY) fell 6% after it entered an equity distribution agreement with Morgan Stanley & Co. LLC and Allen & Company LLC relating to the sale of shares of common stock.