Klarna Plunges, Home Depot Gains, Duolingo Rises

Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- Klarna (KLAR) shares are down more than 20% after the payments company reported full year revenue and gross merchandise value guidance that missed expectations. Active consumers for the second quarter also missed expectations.

- Home Depot (HD) results beat estimates in the latest quarter, a sign that spending on improvement projects is holding up despite high borrowing and housing costs. The company’s strategy, which includes expanding its business serving professional contractors and building out its e-commerce offerings, has helped to blunt the impact of a housing market weighed down by high home prices and interest rates. Home Depot experienced healthy demand across the US and product departments during the quarter, with portable power tools, live plants, and patio products being especially popular.

- Duolingo (DUOL) shares are up after D.A. Davidson upgraded the language learning platform to buy from neutral citing a “turning point” in acceleration of daily active user metrics.

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