Data Dog Rises, Hormel Falls, Bath & Body Works Slumps
- Data Dog (DDOG) rose along with shares of other software companies, following positive results from both MongoDB and Okta. The stock joined the S&P 500 in early July. - Hormel Foods (HRL) falls 13%, the most intraday since 2008, after the maker of Spam and deli meats posted a third quarter profit that missed estimates and cut year guidance.“The steep rise in commodity input costs affecting our industry was the largest contributor to our shortfall,” interim CEO Jeffrey Ettinger said in the release. During the earnings call, Ettinger said the company is taking…
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