Stocks to Watch: American Eagle, Marvell, Leslie's, GitLab
Dow Jones
Dec 03
By Katherine Hamilton
American Eagle Outfitters raised its same-store sales guidance as it is expecting a strong holiday shopping season. Shares rose 10% to $22.87 in after-hours trading Tuesday.
Marvell Technology said it planned to acquire Celestial AI in a $3.25B deal and expects revenue to reach around $10 billion in 2026. The stock gained 11% to $103.04 after the bell.
Leslie's said it plans to close 80 to 90 underperforming stores in an effort to cut 10% of its inventory. Shares fell 11% to $3.18.
GitLab swung to a loss and named a new chief financial officer. The stock fell 9% to $39.44.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
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