Latest news with #StockMovers
Bloomberg
5 hours ago
- Business
- Bloomberg
Stock Movers: Generac and Electronic Arts
On this edition of Stock Movers: - Generac Holdings (GNRC) shares climbed as much as 9.7% to their highest intraday level since December, after the power-equipment company boosted the lower end of its adjusted Ebitda margin for the full year, following second-quarter results that topped expectations. - Electronic Arts (EA) shares are up today after the video-game publisher reported first quarter net bookings that beat the average analyst estimate boosted by positive trends for its football franchise FC and shooter video game Apex Legends.
Bloomberg
10 hours ago
- Business
- Bloomberg
Stock Movers: MARA Holdings, Peloton Interactive, Humana
On this episode of Stock Movers: - MARA Holdings shares (MARA) rose after the Bitcoin miner reported second-quarter adjusted Ebitda that beat the average analyst estimate amid gains in the price of the world's biggest cryptocurrency. - Peloton Interactive shares (PTON) rose after UBS upgraded to buy from neutral citing upside to full-year 2026 Ebitda expectation supported by top-line growth and further cost cuts. - Humana shares (HUM) rose after the health insurer boosted its adjusted profit and revenue forecast for the full year, with the new outlook topping the average analyst estimate.
Bloomberg
a day ago
- Business
- Bloomberg
Stock Movers: Novo Nordisk, Palo Alto, Union Pacific
On this edition of Stock Movers: - Novo Nordisk (NVO) shares close down 23%, erasing more than $73 billion in market value, after the maker of Wegovy and Ozempic cut its sales and profit forecasts, citing slumping sales of weight-loss drugs. The Danish drugmaker also named a company insider as its new CEO, which one investor said may disappoint those hoping for a radical shake-up under an external hire. It was the stock's steepest one-day drop on record and took the shares to the lowest level since March 2022. - Palo Alto Networks (PANW) shares fell after the Wall Street journal reported that the company is in talks to buy CyberArk Software Ltd. (CYBR) in a deal that could value the Israeli cybersecurity firm at more than $20 billion. Palo Alto Networks may finalize a deal as soon as this week, the Journal reported Tuesday, citing people familiar with the matter whom it didn't identify. CyberArk declined to comment. Palo Alto Networks didn't respond to a request for comment. - Union Pacific (UNP) shares are down today. The company agreed to acquire Norfolk Southern Corp. (NSC) in a $72 billion cash-and-stock transaction, forming the only US transcontinental railroad in what stands to be the industry's largest deal ever. The tie-up will marry Union Pacific's network across the western US with Norfolk's East Coast routes, reshaping a domestic rail market that's now comprised of just a half-dozen companies. Observers predict other major deals could follow, as competitive pressure rises on rivals including CSX Corp. and Berkshire Hathaway Inc.'s BNSF. 'We think the political environment is accommodating,' Union Pacific Chief Executive Officer Jim Vena said Tuesday in an interview. The companies have already spoken with regulators, members of the Trump administration and congressional lawmakers. 'We wouldn't have taken this path if we had not engaged and understood what they needed to see us deliver and whether we could.'
Bloomberg
a day ago
- Business
- Bloomberg
Stock Movers: Mondelez, Booking, Chart Industries
On this edition of Stock Movers: - Mondelez (MDLZ) shares are down in after hours trading. While the company posted quarterly results that topped estimates, they reiterated their guidance. Mondelez reported better-than-expected sales for the second quarter, citing strong pricing execution in its chocolate business. The owner of the Oreo, Ritz and Cadbury brands reported adjusted earnings per share of 73 cents, topping analysts' expectations for 68 cents. Sales totaled $8.98 billion, better than the $8.84 billion that analysts had expected. Chief Executive Officer Dirk Van de Put said the company remained confident in its ability to deliver 'amid a challenging environment' and cited 'robust growth across the vast majority of our geographies.' - Booking Holdings (BKNG) shares are down in after hours trading. The company delivered a disappointing forecast for the third quarter, citing 'increased uncertainty in the geopolitical and macroeconomic environment.' The online travel agent, which operates the Kayak, Priceline and brands, said that room nights growth will be roughly 4.5% in the period. Analysts had estimated 5.5% on average, according to data compiled by Bloomberg. The underwhelming report signals that travelers may be reining in spending as they face trade conflicts and an unpredictable economy. - Chart Industries (GTLS) shares soared today. The reason why the stock was up is because Baker Hughes Co. agreed to buy the industrial equipment maker for about $9.6 billion in cash, expanding the oilfield service giant's reach into liquefied natural gas, data centers and other technologies. The deal announced early Tuesday calls for Chart investors to receive $210 per share, a 22% premium over Monday's closing price. The agreement puts an end to Chart's previous plan to merge with Flowserve Corp. The move consolidates Baker Hughes' position in the booming LNG sector and is a significant bet on the outlook for US energy growth amid a slowdown in domestic oil drilling. Electricity demand in the world's biggest economy is expected to surge in coming years, driven by the expanding artificial intelligence industry.
Bloomberg
2 days ago
- Business
- Bloomberg
Stock Movers: Union Pacific, Procter & Gamble, Novo
On this episode of Stock Movers: - Union Pacific (UNP) agreed to acquire Norfolk Southern (NSC) in a cash-and-stock transaction valued at $85 billion, forming a transcontinental rail behemoth in what stands to be the industry's largest deal ever. Norfolk Southern shareholders will receive one Union Pacific share and $88.82 in cash for each Norfolk share, the companies said in a statement Tuesday. Union Pacific will issue about 225 million shares to Norfolk Southern investors, representing 27% ownership in the combined company. - Procter & Gamble (PG) shares are up 1.3% in premarket trading, after the consumer goods conglomerate reported fourth-quarter results that were slightly ahead of expectations. It also gave an outlook. Late on Monday, it announced that Chief Operating Officer Shailesh Jejurikar would become chief executive officer on Jan. 1. - Novo Nordisk (NOVOB DC) shares slump as much as 30%, wiping more than $90b off the Danish drugmaker's market value, after the company cut its sales and profit forecasts, citing slumping sales of weight-loss drugs. Novo named a company insider as its new CEO.
