Movers & Shakers: Snapchat shares jump on Amazon deal as Beauty Health stock slumps on guidance cut

Azenta Inc.‘s stock
rose 7% after the biotech company’s fiscal fourth-quarter results beat Wall Street expectations and it announced plans to buy back an extra $500 million in stock in fiscal 2024.

Shares in Snap Inc.
jumped 4% after a company spokesperson said the firm had struck a deal with Amazon to let users buy certain products from the e-commerce giant via the Snapchat app, according to Reuters.

Stock decliners:

Shares in Beauty Health Co.
plunged 52% after the skincare company cut its guidance for the year on the back of lower-than-expected revenues from its U.S. division in the third quarter.

Shares of Fisker Inc.
fell more than 13% after the EV maker cut production forecasts following a wider-than-expected third-quarter loss and revenues that were much lower than expected.

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