By Claudia Assis
DocuSign, Braze shares also climbing
Here are some of the biggest movers in U.S. stocks Friday:
Tesla Inc. (TSLA) and General Motors Co.(GM) stock rose 5.8% and 3.8%, respectively after the automakers said owners of GM's electric vehicles will have access to Tesla's fast-charging network in North America starting next year.
Fisker Inc. (FSR)rose 3.4% after the electric vehicle maker announced plans to enter the China market.
Sientra Inc. (SIEN) skyrocketed 66% on heavy volume after the medical aesthetics company after the U.S. Food and Drug Administration granted 510(k)-clearance for its AlloX2 Pro Tissue Expander.
DocuSign Inc. shares (DOCU) rose 2%. The stock rallied as much as 14% in the extended session Thursday, but much of that got walked back after executives warned of smaller deal sizes and expansion rates as the e-signature company's quarter and outlook surpassed Wall Street expectations.
Braze Inc.(BRZE) stock rose 18% after the cloud-based software group posted 40% revenue growth in the fourth quarter, beating analysts' expectations. Braze also guided for further revenue growth in the first quarter and fiscal 2024.
Mission Produce Inc. (AVO) rose 9.1% after the avocado grower reported fiscal second-quarter results that beat estimates.
Duckhorn Portfolio Inc.(NAPA) shares rose 2% after the high-end wine maker offered a slightly more upbeat full-year outlook, following what the company said was "resilience" among wine enthusiasts that helped third-quarter results despite stubborn inflation.
Shares of some electric-vehicle charging companies fell after Tesla Inc. said it would open its charging network to General Motors Co. ChargePoint Holdings Inc. stock (CHPT) stock fell 9.3%, while EVgo Inc. stock (EVGO) dropped by 10.3%. Blink Charging Co.'s stock (BLNK) is down by 6.6%.
Planet Labs PBC(PL) dropped more than 16% in premarket trading after the Earth-imaging company reported a narrower quarterly loss, but called for lower-than-expected revenue for its fiscal 2024.
Mangoceuticals Inc.(MGRX) fell 6.7% as the stock extended its sharp pullback from the previous session's intraday high. The stock had rocketed as much as 60.8% to an intraday high of $2.38 soon after Thursday's open, but closed up just 10.8%, after the erectile dysfunction (ED) drug maker announced a sponsorship deal with Barstool Sports.
-- Barbara Kollmeyer and Steve Gelsi contributed to this report
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June 09, 2023 10:22 ET (14:22 GMT)
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