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.

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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