Company News for June 13, 2022

  • DocuSign Inc.’s DOCU shares fell 24.5% after the company reported adjusted earnings per share of $0.38 for the first quarter of fiscal 2023, missing Zacks consensus estimate of 0 $.46.
  • Shares of Cogent Biosciences Inc. COGT soared 58.7% after the company announced positive initial data from its ongoing APEX Phase 2 clinical trial.
  • BA shares of Boeing Co. fell 5% on fears of a near-term global recession.
  • Shares of Stitch Fix Inc. SFIX fell 18.5% after posting an adjusted loss per share of $0.72 per share in the third quarter of fiscal 2022, above the Zacks consensus estimate of a loss per share of $0.57.

7 best stocks for the next 30 days

Just Released: Experts distill 7 elite stocks from the current Zacks No. 1 Ranking 220 Strong Buys list. They consider these tickers “most likely for early price increases.”

Since 1988, the full list has beaten the market more than 2 times with an average gain of +25.4% per year. So be sure to give your immediate attention to these 7 handpicked ones.

Discover them now >>

Click to get this free report

The Boeing Company (BA): Free Inventory Analysis Report

Cogent Biosciences, Inc. (COGT): Free Stock Analysis Report

Stitch Fix, Inc. (SFIX): Free Stock Analysis Report

DocuSign (DOCU): Free Inventory Analysis Report

To read this article on, click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Karen J. Nelson