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Roku gains after announcing job cuts, Zscaler slips and other stocks on the move

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Zscaler, GitLab and Verb Technology are among the active stocks.

Roku Inc.’s stock ROKU, +8.17% rose 7% after the streaming-media company announced plans to lay off 10% of its staff as it looks to slow the growth of its operating expenses.

Hycroft Mining Holding Corp.’s stock HYMC, +9.49% rallied 10% after the company said a study has confirmed significant gold and silver recoveries at its Nevada mine. The company is part owned by AMC Entertainment Holdings Inc. AMC, -21.83% Palisade Bio Inc.’s stock PALI, +145.03% more than doubled in price, after the company announced a licensing agreement with privately held Giiant Pharma Inc. that will give it access to IBD therapies.AMC was down 21% after it disclosed an equity-distribution agreement in which the company could sell up to 40 million common shares. The sales could represent up to 7.7% of the 519.2 million common shares outstanding as of Aug. 4.

Southwest Airlines Co.’s stock LUV, -2.01% fell 1.8% after the air carrier said it booked record revenue for the Labor Day weekend, but said close-in leisure bookings in August were on the lower-end of expectations.

 

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