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— Shares of the food products company climbed 4.7% after Lamb Weston reported large increases in net sales and net income for its fiscal first quarter. Lamb Weston's adjusted earnings of 75 cents per share beat analyst estimates of 50 cents per share, according to StreetAccount.

The Idaho-based company also maintained its full-year outlook despite seeing a volume decline in the quarter.— The tech company's shares plummeted 10.3% to a 52-week low after Wells Fargo cut its price target on Lumen 56% and downgraded the stock from overweight to equal weight. Wells Fargo said its mass market segment was seeing downsides that put the dividends at risk.Also on CNBC

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