This is Wayfair's third restructuring since 2022 and is expected to save the company about $280 million.
Hertz — Hertz shed 2.8% on a Jefferies price target cut and downgrade to hold from buy.
AMD added 1.6%, after reaching its highest-ever closing price on Thursday amid increased investor interest in the second-largest standalone GPU maker.
DraftKings — Shares of the sports betting company rose more than 1% after Stifel upgraded DraftKings to buy from hold.
J.B. Hunt Transport Services – Shares rose more than 3% after the company posted mixed quarterly results.
Persons:
Hertz, Wells, Stifel, J.B, J.B . Hunt, Macheel, Samantha Subin, Jesse Pound
Organizations:
Jefferies, EV, Spirit Airlines, JetBlue, Texas, UBS, Nvidia, AMD, ESPN Bet, Hunt Transport, LSEG