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Home News

Biggest Movers of the Day

by Administrator Forexezy
October 26, 2023
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Stock gainers:

Shares of Endeavor Group Holdings Inc. (EDR) surged 21% after private-equity giant Silver Lake said it was considering a plan to take the sports and entertainment company private. Endeavor announced its search for strategic alternatives as investors undervalue it.

Ford Motor Co. (F) stock rose 1% as the United Auto Workers reached a pay deal with the automaker. Ford will also report its results after the closing bell.

IBM stock rose 1% as the technology giant’s results exceeded expectations.

Shares of ServiceNow Inc. (NOW) jumped 5% after a strong quarter in subscription sales.

Stock decliners:

Meta Platforms Inc. (META) shares fell 3% in pre-market trading after the CFO warned of slower advertising revenues in the fourth quarter. This follows the publication of third-quarter results that beat analysts’ expectations in terms of rising digital-advertising revenue.

Arista Networks Inc. (ANET) stock dropped about 6%, while Nvidia Corp. (NVDA) stock was down 2% after Meta’s lower capital-spending outlook for next year than what analysts had predicted.

Mattel Inc. (MAT) stock fell 10% despite beating analysts’ expectations in the third quarter. The company warned of slower demand during the holiday season.

Shares of Whirlpool Corp. (WHR) fell 5% in after-hours trading even though the appliances maker surpassed Wall Street’s expectations for the third quarter. Whirlpool lowered its per-share earnings guidance for the year.

Shares of Align Technology Inc. (ALGN) sunk 25% after the Invisalign orthodontics maker posted quarterly earnings that fell short of expectations.

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