Today's Top Stock Moves: Roblox, Upstart, Trade Desk, Airbnb, and More

After retail sales increased by more than the forecasted 3% in January, an indication that consumer demand is durable in a difficult macroeconomic climate, stocks declined on Wednesday.

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On Wednesday, these stocks experienced movement:

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Roblox RBLX +24.17% (ticker: RBLX) increased by 25.4% following the release of stronger-than-anticipated fourth-quarter financial results by the videogame platform provider. Bookings during that time exceeded analysts' predictions.

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The artificial intelligence loan firm Upstart Holdings (UPST) increased 22.1% despite providing first-quarter earnings and sales guidance that was well below analysts' expectations.

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Trade Desk (TTD) increased 19.4% after reporting adjusted fourth-quarter earnings that were above Wall Street predictions and providing an optimistic first-quarter revenue outlook. A $700 million stock buyback scheme was also disclosed.

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After the short-term rental firm reported improved fourth-quarter profit and revenue, as well as its first-ever annual profit, Airbnb ABNB +12.03% (ABNB), was up 10.7%. Additionally, Airbnb provided first-quarter guidance that surpassed Wall Street forecasts.

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Devon Energy (DVN) was off 9.4% after the fourth profit at the oil and gas business declined from a year earlier and it indicated it anticipates first-quarter production to dip slightly from the 4th quarter.

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Even though content delivery and security software provider Akamai Technologies (AKAM) report also indicated profits for its fourth quarter, the stock plummeted 7.7%.

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After exceeding profits targets for the fourth quarter, Generac Holdings (GNRC) saw a 5.7% increase.

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After Warren Buffett's Berkshire Hathaway (BRK.B) reported that it reduced its investments in American depositary receipts of the chip giant by 86% in the 4th quarter, Taiwan Semiconductor Manufacturing TSM -6.51% (TSM) fell 5%.

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Shares of semiconductor producer Analog Devices (ADI) increased 4.8% after the company reported fiscal first-quarter profits that were above forecasts.

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After Jefferies downgraded American Eagle Outfitters (AEO) from Buy to Hold, the stock fell 4.4%.

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Tripadvisor TRIP +1.69% (TRIP) increased 1.1% after reporting fourth-quarter revenue that increased 47% from the same period last year due to ongoing improvement in travel demand.