3 Stocks that Made Big Moves in Wednesday’s Market

U.S. stocks saw early gains on Wednesday, but after a sell off that lasted most of the day, stocks closed with slight losses. The Dow Jones lost 0.3%, while the S&P 500 shed 3 points (down 0.2%). But these three stocks made big moves: FedEx (FDX), Winnebago (WGO) and La-Z-Boy (LZB).

1. FedEx

FedEx ended the day as one of the worst performers on the S&P 500 after posting its fourth-quarter earnings for fiscal 2016. Revenue was up 7% due to a 20% rise in its ground segment. Adjusted earnings per share jumped to $3.30 from $2.66 per share the previous year.

While the delivery service had mostly positive news, it was uncertain about the upcoming fiscal year, which likely drove the stock lower.

2. Winnebago

RV maker Winnebago saw a boost in its stock price after beating estimates for earnings and profits this quarter. Sales of RVs were up 12% on the quarter after a 3% decline the previous quarter.

The company made progress on reducing costs and boosting efficiency, which improved profitability to 5.3% of sales, up from 4.3%.

3. La-Z-Boy

La-Z-Boy’s stock climbed higher after the company reported a strong performance in the final leg of the fiscal year. Existing store sales jumped 2%, and revenue was up 11%.

CEO Kurt Darrow said in a press release that the company is positioned to continue its success heading into fiscal 2017.