OPCH - Hot Stocks: SCVL dips on earnings; OKTA upgrade; BLFS MIME OPCH jump on index changes
Earnings news, analyst comments and index reshuffling marked some of Wednesday's notable midday movers. Shoe Carnival (NASDAQ:SCVL) suffered a bout of profit-taking in the wake of its quarterly report. Meanwhile, Okta (NASDAQ:OKTA) posted gains on a positive analyst's note. Elsewhere, BioLife Solutions (NASDAQ:BLFS), Mimecast (NASDAQ:MIME) and Option Care Health (NASDAQ:OPCH) all recorded notable advances following changes in various S&P indices. Shoe Carnival (SCVL) reported Q2 EPS that topped expectations by 90%, with better-than-expected revenue growth of 10%. The company also issued a strong forecast for the current quarter. Despite the Street-beating financial figures, SCVL slipped about 4% in midday trading. The stock had reached 52-week highs headed into the earnings report, meaning that the good news was likely already baked into the stock price. Okta (OKTA) got a 4% boost in intraday action, thanks to an upgrade from Raymond James. The analyst raised the stock's rating to Strong Buy from
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Hot Stocks: SCVL dips on earnings; OKTA upgrade; BLFS, MIME, OPCH jump on index changes