Today's Morning Movers and Top Ratings: MRVL, AVGO, COST, COIN and More

$Gap Inc(GPS.US)$ stock rose 8.1% after the fashion retailer reported better-than-expected fourth-quarter earnings, driven by robust demand and improved product offerings at its Old Navy and Gap brands.

$DocuSign(DOCU.US)$ stock soared 8.8% after the electronic signature company provided strong guidance for the current quarter and reported fourth-quarter results that exceeded expectations, partly due to new business gains.

$Costco(COST.US)$ stock fell 4.1% after the retailer's second-quarter revenue fell short of expectations, as higher-priced item sales suffered from consumers becoming more cost-aware.

$Broadcom(AVGO.US)$ stock fell 1.8% as the company's full-year forecast did not meet investor expectations, despite its prediction of $10 billion in revenue from AI-related chips this year.

$Marvell Technology(MRVL.US)$ stock fell 5.8% following the tech firm's projection of first-quarter earnings below market forecasts, due to weakened demand in its wireless infrastructure, consumer, and enterprise markets.

$Eli Lilly and Co(LLY.US)$ stock fell 0.6% after the FDA delayed the approval decision for the pharmaceutical company's experimental Alzheimer’s medication.

$MongoDB(MDB.US)$ stock fell 8.7% after the database software provider's current-quarter outlook disappointed, although its past quarter results surpassed expectations.

$Rivian Automotive(RIVN.US)$ stock declined 1% after the electric vehicle manufacturer announced the launch of three new EV models and projected savings of over $2 billion by halting production at its Georgia facility.