Stocks Move on Earnings: Rivian Tumbles, Clorox Slides, Orchard Soars, Lamb Weston Jumps after Quarterly Results

Rivian shares tanked 19% after announcing plans to raise capital and providing Q3 revenue guidance in line with expectations.

Clorox shares dropped 7.7% after providing disappointing fiscal Q1 guidance due to a cyberattack.

Orchard Therapeutics shares nearly doubled after Kyowa Kirin announced plans to acquire the gene therapy company.

Lamb Weston shares jumped 10% after beating earnings expectations, raising fiscal year guidance, and citing solid demand.

Instacart fell 2.9% after Bernstein initiated coverage with a market perform rating, citing increased competition.