– Shares of Snowflake popped more than 11% in midday trading despite losing nearly $199 million in the fourth quarter, more than double the year-ago loss for the cloud database software company. Snowflake made $190.5 million in revenue, topping estimates of $178.5 million, according to Refinitiv.– Shares of Palantir jumped more than 5% after Cathie Wood bought a combined 2.65 million shares of the stock on Wednesday, Ark Invest's daily trading wrap revealed.
– The used car retail stock dropped 26% on Thursday after the company reported a wider-than-expected loss for its fourth quarter. Research firm Piper Sandler, which has an overweight rating on the stock, said Vroom was "in the penalty box" after the quarter and pointed to a slow sales process that hurt profit margins.– Shares of the oil giant advanced more than 4% as CEO Darren Woods reiterated the company's commitment to its dividend.
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