Five Most Active Stocks in the Last Week

Here we look at some of the biggest movers last week, while only considering the companies with a market cap of at least $5 billion. 

• Dick’s Sporting Goods (DKS:US) shares fell nearly 24% after the retailer reported weaker-than-expected second-quarter results. The EPS of $2.82 came in significantly lower than the expected $3.81. Net sales for the period amounted to $3.22 billion, slightly lower than the estimated figure of $3.24 billion.

  The company's gross margin for the second quarter was reported at 34.4%, which was below the expected gross margin of 36.3%. Dick's Sporting Goods achieved a 1.8% increase in comparable sales for the second quarter. However, this growth fell short of the projected 2.6 increase.

  The company has reaffirmed its outlook for 2023 comparable store sales, expecting them to range from flat to positive 2.0%. Notably, the company has adjusted its full-year 2023 earnings per diluted share outlook to reflect the second-quarter results and the gross margin expectations for the latter half of the year.

  Congressman Ro Khanna was trading DKS shares in June. The stock is down 7.4% year-to-date.

• Affirm (AFRM:US) stock rose 22.7% on the week after the buy-now-pay-later company reported an increase in transaction activity on its platforms. The company's collaboration with new merchants played a crucial role in offsetting the challenges of high-interest rates. 

  For the first quarter, the company envisions revenue ranging from $430 million to $455 million, which is higher than the consensus estimate of $433.8 million. Concurrently, Affirm anticipates a gross merchandise volume between $5.3 billion to $5.5 billion for this quarter, somewhere in line with the estimated $5.37 billion.

  Moving ahead to the outlook for the year 2024, Affirm projects its gross merchandise value to surpass $24 billion, missing the expected $25.1 billion.

  Affirm reported FQ4 revenue of $445.8 million, signifying a substantial 22% increase year-over-year. This result outperformed the estimated revenue of $406.5 million. Furthermore, the company's gross merchandise volume for the same period reached $5.52 billion, exceeding the estimated figure of $5.31 billion.

  Congress member Daniel Goldman was buying the stock earlier this year. Shares are up as much as 95.5% since the start of 2023.

• Splunk (SPLK:US) stock rallied nearly 19% after the data analytics business reported strong Q2 results. The company's revenue for the quarter reached $910.6 million, marking a notable 14% increase year-over-year. This result surpassed the estimated revenue of $886.9 million.

  The company's adjusted earnings per share showcased significant improvement, reaching $0.71, in contrast to the $0.09 reported in the same period last year. Additionally, Splunk reported an adjusted gross margin of 80.7%, marking a substantial increase from the 76.8% reported year-over-year. This figure also exceeded the estimated gross margin of 79.3%.

  The company also raised its full-year guidance following the Q2 outperformance. Representative Ro Khanna sold some SPLK shares at the beginning of 2023. The stock trades 33.5% higher YTD.

• Dollar Tree (DLTR:US) shares dropped 13.7% following the company’s weaker-than-expected guidance for the third quarter. The company projects EPS ranging from $0.94 to $1.04. This projection falls short of the consensus estimate of $1.29. Similarly, Dollar Tree anticipates net sales between $7.3 billion to $7.5 billion, slightly below the estimated net sales of $7.33 billion.

  For the second quarter, Dollar Tree reported adjusted EPS of $0.91, surpassing the average analyst estimate of $0.87. Net sales for the quarter reached $7.32 billion, reflecting an 8.2% increase from the previous year and exceeding the estimated $7.21 billion.

  Several Congress members were actively trading DLTR shares this year, including Rep. Michael McCaul, who sold $100,000 - $250,000 worth of DLTR shares in May. Following last week’s selloff, the stock now trades 12.1% in the red YTD.

• Ubiquiti (UI:US) stock rose almost 12% after the wireless data company reported results for its fourth fiscal quarter. The company reported revenue of $491.1 million, marking a solid 11% increase year-over-year, and beating the consensus estimate of $483 million.

  The company's EPS reached $1.73, reflecting growth from the $1.54 reported in the same period the previous year. However, this adjusted EPS figure fell short of the estimated $1.92.

  Ubiquiti also declared a cash dividend of $0.60 per share while saying that the growth in revenue during the fourth quarter was driven by increased revenue from the company's “Enterprise Technology” platform.

  For the entire 2023 fiscal year, the company reported non-GAAP EPS of $6.80 on revenue of $1.9 billion.

  Congresswoman Lois Frankel was selling the UI stock earlier this year. Shares remain down 34.3% since the beginning of 2023.