Closing Bell: Cracker Barrel Soars, Super Micro Plunges, Trucking Companies Fall

On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. - Whimsical salt-and-pepper shakers and Americana merchandise are helping Cracker Barrel (CBRL) recover from the political attacks that beset it last year. The restaurant chain raised its full-year revenue guidance and said declines in store traffic are moderating. The shares responded with a record gain in Wednesday’s trading, rising as much as 35%. - Super Micro (SMCI) fell the most in almost three months after the company announced a plan to raise $7 billion through a package of equity offerings, a move meant to help pay for the production of more artificial intelligence servers. The shares dropped as much as 19% to $33.12 on Wednesday in New York, reflecting concern about the deal’s earnings dilution. The stock had been up 39% this year through Tuesday’s close. - Shares of several large trucking companies plunged on Wednesday after Amazon.com Inc. announced an expansion of its shipping service that has already shaken the transportation and logistics sector and unsettled investors. Old Dominion Freight Line (ODFL) FedEx Freight (FDXF) and Saia (SAIA) all fell at least 10% intraday, before recovering some of the losses. Old Dominion stock closed 5.1% lower, with FedEx Freight and Saia down 7% and 3.3%, respectively. The companies specialize in “less-than-truckload” services, carrying shipments that are larger than parcels but smaller than full truckloads.See omnystudio.com/listener for privacy information.