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Gap announced Michael Francis as the new CEO of Old Navy effective in November, prompting shares to jump 12% as the retailer attempts to revitalize the struggling brand’s sales.
Snowflake shares surged 22% in extended trading after the data analytics company reported fiscal second-quarter results and guidance that exceeded analyst expectations, boosted by gains in its AI coding product.
Target maintained its 50-year dividend streak but raised its quarterly payout by just 1.8%, a significant decline from the 32% increase seen in 2021, signaling potential margin pressures.
Two Five Below insiders sold shares following the discount retailer’s strong second-quarter earnings and significant stock price appreciation, though both executives maintained substantial holdings in the company.
Boston Scientific’s stock fell 2.3% after disclosing an August 25 cyberattack that disrupted manufacturing and shipping, forcing the medical device company to withdraw its third-quarter and full-year 2026 guidance.
Boeing delivered 51 aircraft in August, marking a 10.5% decline from the prior year, but the stock climbed above $200 as investors focused on the company’s improved year-to-date performance and positive cash flow metrics.
