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Stocks on the move: Beyond Meat's revenue rises 13%, Wayfair pops on demand increase

Yahoo Finance's Adam Shapiro breaks down the stocks to watch Wednesday.

Video Transcript

ADAM SHAPIRO: Let's take a look at some of the stocks on the move right now. Beyond Meat reported the other day, and they reported earnings after the bell yesterday which showed revenue up 63% to $113 million in the second quarter. They had a loss of $0.02 per share. That was right in line with what the Street was expecting.

But perhaps the Street is not so happy that they didn't really hit demand out of the ballpark. So that stock at the opening bell was off more than 6%. Year to date, the stock is up 76%. The 52-week movement for the stock, it's actually down about 18%.

Wayfair also reported revenue up 84% to $4.3 billion. Its adjusted earnings per share, $3.13. Their CEO said, and this was a quote, "We experienced unprecedented demand in the second quarter and saw record numbers of new and repeat customers choose Wayfair." 52-week movement for that stock, up 124%. More "On the Move" right after this.