Buzzfeed Inc surged 10.8% to $2.47 after plunging 41% in the previous session following the post-IPO lockup period expiration. 

The company guided fiscal 2023 sales to increase between 3.5% and 4.5% and adjusted earnings per share between $7.85 and $8.25. 

GIII Apparel Group, Ltd was nearly unchanged at $27.36 after the company reported net sales in the fiscal 2023 first quarter ending in April increased 32.5% to $688.8 million and net income soared 16.3% to $30.6 million. 

Diluted earnings per share increased to 62 cents from 53 cents a year ago. 

For fiscal 2023, the company expects net sales of approximately $3.24 billion and net income between $205.0 million and $215.0 million, or between $4.23 and $4.33 a diluted share.

Gitlab Inc soared 22.5% to $48.81 after the cloud database company reported better-than-expected quarterly results. 

Net sales in fiscal first quarter 2023 ending in April increased 75% to $87.4 million and net income declined to $26.1 million or 18 cents a share from $27.9 million or 53 cents a share. 

For the second quarter the company guided between $93.5 million and $94.5 million and for fiscal 2023 between $398.0 million and $402.0 million.   

J.M. Smucker Company jumped 4.5% to $128.80 after the food products maker reported higher-than-expected quarterly results. 

Fiscal 2022 fourth quarter ending in April sales increased 6% to $2.03 billion and net income increased 37% to $202.1 million. 

Diluted earnings per share increased to $1.88 from $1.35 a year ago. 

Kohl's Corporation jumped 7.4% to $44.97 after the company said it is in advanced and exclusive talks with Franchise Group, the parent of Vitamin Shopee.  The deal values the company at $60 a share or $8 billion. 

Franchise Group jumped 7.7% to $39.83 and owns several brands including Sylvan Learning and Badcock Furniture.  

Mosaic Co dropped 5.01% to $56.55 after a news report indicated that Brazilian ports are overflowing with fertilizers suggesting a near-term price decline.   

Peloton Interactive Inc declined 1% to $12.34 after the company announced the departure of Chief Financial Office Jill Woodworth. 

Liz Coddington, former executive at Amazon and Netflix, will replace Woodworth on June 13.  

Target Inc dropped 7.2% to $148.20 after the diversified retailer announced a plan to lower inventories of unwanted products, cancel orders, and markdown excess products. 

The company had warned its inventories problems during the release of latest quarter earnings. 

The swift action to deal with inventories will come at the expense of earnings and operating margins. 

The retailer lowered its operating margin estimate to 2%, lower than the previous estimate of 5.3%, and estimated a second-half operating margin of 6%. 

United Natural Foods dropped 6.8% to $41.80 and the food distributor reported net sales in the fiscal 2022 third quarter ending in April rose 9.2% to $7.2 billion. 

Net income surged 39.6% to $67 million or $1.10 a share. 

The company lifted its full-year sales outlook to a new range between $28.8 billion and $29.1 billion, an increase of 7% on the midpoint basis from a year ago and earnings per share between $3.75 and $4.00, an increase of 56% on a midpoint from a year ago.