Company News for July 10, 2024

Zacks Equity Research
·1-min read

  • Incyte (INCY) shares rose 4.4% after the company issued restricted stock units (RSUs) and stock options to new employees, signaling strong talent attraction and retention.

  • Lamb Weston Holdings, Inc. (LW) shares fell 4.5% on news of a class-action lawsuit filed against the company, which produces frozen French fries and other potato products.

  • Shares of UiPath Inc. (PATH) fell 6.9% after the company announced plans to reduce about 10% of its global workforce by the end of the first quarter of fiscal 2026.

  • Helen of Troy Limited (HELE) tumbled 27.7% after reporting first-quarter fiscal 2025 revenues of $416.85 million, missing the Zacks Consensus Estimate by 6.59%.

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