VRA - Hot Stocks: GT called EV play; UNFI rises on earnings; VRA drops; PSFE insider buying; RLX buyback
Quarterly results and stock purchases provided the key catalysts during Wednesday's midday trading. United Natural Foods (NYSE:UNFI) rallied in the wake of its latest earnings report, while Vera Bradley (NASDAQ:VRA) dropped on its disappointing figures. On the stock purchase front, RLX Technology (NYSE:RLX) jumped on news of a stock repurchase program. At the same time, Paysafe (NYSE:PSFE) posted a double-digit percentage gain on word of insider buying. In other news, Goodyear Tire & Rubber (NASDAQ:GT) climbed on an analyst upgrade related to the firm's potential to capitalize on the trend towards electric vehicles. Gainers United Natural Foods (UNFI) climbed nearly 9% in midday action after the company beat expectations with its latest earnings report. Net sales rose nearly 5% from last year and gross margins expanded. The company also reaffirmed its full-year guidance. A bullish analyst comment gave a lift to shares of Goodyear Tire & Rubber (GT). The stock
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Hot Stocks: GT called EV play; UNFI rises on earnings; VRA drops; PSFE insider buying; RLX buyback