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On this episode of Stock Movers with Alexis Christoforous:
– Cracker Barrel (CRBL) is rising after the restaurant chain boosted its revenue guidance for the full year, beating the average analyst estimate. Short interest is about 27% of float, according to S3 Partners data.
– Chewy (CHWY) shares are up after the online retailer of pet food and pet-related products reported better-than-expected first quarter results. Management cut the full year net sales outlook, but maintained its adjusted Ebitda margin guidance.
– FedEx Freight (FDXF) is sliding after Amazon expanded its LTL freight offering to all destinations in the US, including third-party warehouses, distribution centers and retail partners. (Source: Bloomberg)