Stock Market Update: Pure Storage and Suncor Energy Rise, Xerox and UniFirst Fall
Significant company updates lead to notable stock price changes, including a leadership reorganization at Xerox and a disappointing profit forecast from UniFirst.
- Pure Storage Inc. is joining the S&P MidCap 400 index, leading to a rise in its stock price.
- Suncor Energy Inc. gave investors an encouraging production update, resulting in a stock price increase.
- Xerox Holdings Corp. is reorganizing its leadership structure and plans on cutting 15% of its workforce, causing its stock price to fall.
- UniFirst Corp. disappointed Wall Street with its profit forecast, leading to a decrease in its stock price.
- SentinelOne Inc. is acquiring cloud technology company PingSafe.