Stock Movers: Data Dog Rises, Hormel Falls, Bath & Body Works Slumps

Data Dog's Performance

• 📈 Data Dog (DDOG) is leading the S&P 500 today, rising on positive results from other software companies like Snowflake and MongoDB.
• 💡 Despite recent gains, the stock is still down approximately 2% year-to-date and 25% below its 52-week high.
• 📌 Data Dog joined the S&P 500 in early July and is currently trading near its 200-day moving average.

Hormel Foods' Challenges

• 📉 Hormel Foods (HRL) experienced its largest one-day percentage drop since 1980, falling over 12%.
• ⚠️ The company missed third-quarter profit estimates and cut its yearly guidance due to significant commodity input cost pressures, particularly for pork and beef.
• 💰 Hormel is implementing targeted pricing actions, but expects profit recovery to lag into next year.

Bath & Body Works Outlook

• 🛍️ Bath & Body Works (BBWI) slumped nearly 8%, marking its worst intraday drop since April.
• 📊 The specialty retailer lowered the top end of its full-year sales growth forecast and anticipates tariffs will hurt gross profits by approximately $85 million.
• 📉 The company has lost about a quarter of its value year-to-date and is part of the Russell 1000 and S&P 400 midcap indexes.