Biggest Market Movers: CrowdStrike, Petco, DoorDash and More

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CrowdStrike — Shares dropped 19% after the cybersecurity provider said new revenue growth is weaker than expected. Otherwise, CrowdStrike beat estimates on the top and bottom lines in its most recent quarterly results. Stifel downgraded the stock to hold from buy after the earnings report.

Horizon Therapeutics — The pharmaceutical company’s shares soared 26% after Horizon said it was in preliminary talks about a possible sale with several large pharma companies, including Amgen, Sanofi and Johnson & Johnson’s Janssen Global Services unit.

Petco — Shares of Petco jumped 12% after reporting third-quarter revenue that was slightly above Wall Street estimates. The pet product retailer’s comparable store sales rose 4.1%, above a StreetAccount estimate of 3.5%. Its adjusted EPS was in-line with expectations.

Workday— Shares of Workday jumped 12% after the company posted earnings results Tuesday that beat Wall Street expectations. The software vendor beat on both top and bottom lines with adjusted earnings per share of 99 cents on $1.6 billion in revenue. Analysts estimated adjusted earnings per share of 84 cents and $1.59 billion in revenue, per Refinitiv.