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These Stocks Are Moving the Most Today: Klaviyo, Instacart, ARS Pharma, Steelcase, Textron, Zebra Tech, and More

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Shares of Klaviyo debut 23% above their initial public offering price, while Instacart stumbles a day after its solid first day of trading.

Stocks fell Wednesday after the Federal Reserve held interest rates steady but signaled that one more quarter-point rate hike was possible this year.Klaviyo , a Boston-based marketing software company, started trading at $36.75, soaring 23% above its initial public offering price of $30. At the close, the stock was up 9.2% to $32.76.

ARS Pharmaceuticals plummeted 56% after the Food and Drug Administration rejected the biotech’s new nasal-spray alternative to emergency allergic reaction injections like the EpiPen. Western Digital , a provider of disk drives and flash-memory chips, rose 4% after being upgraded to Outperform from Neutral at Exane BNP Paribas.

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