Everyone's Watching These 2 Wednesday Stock Movers
2023 has been good so far for the stock market, although the month of February has seen more volatility in both directions than investors experienced in the first month of the year. Major market indexes were mixed on Wednesday morning as market participants tried to incorporate the latest economic data into their views on the prospects for stocks. Shortly after the open, the Dow Jones Industrial Average (DJINDICES: ^DJI) inched lower by about a third of a percent.
Companies continue to release their latest financial results, and a pair of reports prompted some big stock moves on Wednesday morning. Roblox (NYSE: RBLX) moved higher after telling shareholders about its strong performance. However, Sabre (NASDAQ: SABR) wasn't as fortunate, seeing sharp losses as investors reacted negatively to its report. You can get the full scoop on both companies below.
Shares of Roblox moved higher by 19% near the open on Wednesday morning. The global gaming platform provider reported fourth-quarter financial results that held up better than expected and pointed to a potential future recovery.
Source Fool.com
