Stock futures remained steady early Wednesday as investors exercised caution ahead of the Federal Reserve’s interest rate decision, expected at 2 p.m. ET later in the session following the two-day FOMC meeting.
Here are some of Wednesday’s biggest stock movers:
Biggest stock gainers
- Braze (BRZE) +13% – Shares surged after the company posted mixed Q3 results, highlighted by 26% Y/Y revenue growth. Total customers rose 14%, and large customers 29%. Guidance topped expectations, with Q4 revenue projected at $197.5M–$198.5M vs. $193.3M consensus and non-GAAP EPS of $0.13–$0.14 vs. $0.13 expected. Braze also raised its FY2026 revenue outlook to $730.5M–$731.5M, above the $721.86M estimate, and now sees non-GAAP EPS of $0.42–$0.43 vs. the $0.42 forecast.
- GE Vernova (GEV) +6% – Shares rose after the company doubled its dividend, expanded its stock buyback authorization to $10B from $6B, and raised its earnings projections at its investor day in New York. The turbine maker now expects FY2026 revenue of $41B–$42B and free cash flow of $4.5B–$5B, while boosting its current-year free cash flow outlook to $3.5B–$4B and reaffirming revenue of $36B–$37B. GE Vernova also guided to 16%–18% organic revenue growth in its power segment and 20% growth in electrification for 2026. Longer-term, it projects revenue reaching $52B by 2028 on low double-digit CAGR and sees adjusted EBITDA margin rising to 20% from 14%. CEO Scott Strazik said the company is in the early stages of a significant value-creation opportunity.
Biggest stock losers
- Adecoagro (AGRO) -11% – Shares plunged after the company launched a $300M public offering of common shares, with underwriters granted a 30-day option to buy up to an additional $11.1M. Tether, its controlling shareholder, expressed interest in purchasing about $200M of the offering, while management and other investors indicated plans to buy roughly $26M.
- Cracker Barrel Old Country Store (CBRL) -7% – Shares tumbled after the company posted weaker-than-expected FQ1 results, underscoring the continued impact of its logo controversy and the resulting decline in restaurant and retail traffic. Same-store restaurant sales dropped 4.7%, and comparable store sales slid 8.5%, both missing expectations. The company cut its FY2025 outlook, now forecasting revenue of $3.2B–$3.3B (vs. its prior $3.35B–$3.45B and below the $3.38B consensus). Adjusted EBITDA was sharply reduced to $70M–$110M from the earlier $150M–$190M range, and planned capital spending was trimmed to $110M–$125M from $135M–$150M.
- GameStop (GME) -6% – Shares fell after the company delivered mixed Q3 results, marked by a sharper-than-expected revenue decline. While GameStop returned to operating income profitability and posted a meaningful improvement in overall margins, category sales remained weak: hardware and accessories dropped 12% to $367.4M, and software sales fell 27% to $197.5M.
- AeroVironment (AVAV) -4% – Shares declined after mixed FQ2 results, as strong revenue growth of more than 150% Y/Y was overshadowed by a softer-than-expected FY2026 outlook. The company now projects FY2026 revenue of $1.95B–$2.0B, a midpoint of $1.975B below the consensus of $2B, a net loss of $(38)M–$(30)M, adjusted EBITDA of $300M–$320M, a diluted loss per share of $(0.76)–$(0.61), and non-GAAP EPS of $3.40–$3.55, much below the consensus of $3.61.