Software groups put in a mixed performance early on Thursday, with Snowflake and Okta on the up but Snowflake falling
Here are some of the most active stocks in morning trading Thursday, as the S&P 500 futures were softer.
Shares... Here are some of the most active stocks in morning trading Thursday, as the S&P 500 futures were softer. Shares in Wolfspeed Inc. WOLF , which specializes in silicon-carbide chips often used in EVs, were slumping 12% after Tesla suggested its next generation cars will cut silicon-carbide use.
A lower revenue forecast has clobbered shares of Snowflake SNOW , off 7%. The data software group said after Wednesday’s closing bell that it expects $568 million to $573 million in product revenue in the first quarter, while the FactSet consensus called for $582 million.
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