Short Sellers Nailed the Acxiom Stock Sell-Off

The Dow is rallying today thanks to a strong move from Apple (AAPL), but the index is still set to snap its quarterly win streak. Some stocks making notable moves today are data broker Acxiom Corporation (NASDAQ: ACXM), farming and construction equipment manufacturer Titan Machinery Inc. (NASDAQ:TITN), and watchmaker Movado Group, Inc (NYSE:MOV). Below we'll take a look at what's moving shares of ACXM, TITN, and MOV.

ACXM Plummets as Facebook Ends Partnership

Shares of ACXM are falling due to news Facebook cut ties with data brokers in light of its recent data drama. Acxiom said its revenue could take up to a $25 million hit in 2019 as a result. The shares were down 32.6% at $18.90 at last check, just off a two-year low of $18.60, earning a spot on the short sale restricted list in the process.

Luckily for them, short sellers had already gotten to work before today. Short interest on Acxiom had been moving sharply higher since August, jumping 20% in the last reporting period alone.

Titan Machinery Stock Higher on Fourth-Quarter Report

Titan Machinery stock is moving higher -- near the top of the Nasdaq -- after reporting a narrower-than-expected fourth-quarter loss, and higher-than-expected revenue. In response, TITN surged to a fresh four-year high of $25.09, and was last seen up 12% at $22.08. 

Titan stock has gained 42% year-over-year, but two of the three analysts in coverage have just "hold" ratings in place. Maybe that'll change, however, since Craig-Hallum moved in this morning with a price-target hike to $26 from $24.

MOV Tops NYSE on Revenue Beat

MOV is at the top of the New York Stock Exchange (NYSE), and fresh off a three-year high of $42.25, after reporting strong fourth-quarter revenue. Shares of Movado stock were 17% higher to trade at $38.70 at last check, gapping higher from the recent support of the 80-day moving average. This brings the equity's quarterly gain to 19.4%, putting it well on pace for a fourth straight quarterly win.