On this episode of Stock Movers:
- K+S fell as much as 3.3% as Berenberg double-downgraded to sell, with a previous buy thesis no longer standing up due to expectations of “broadly lower” prices for agricultural commodities from 2026.
- Alcon dropped as much as 11% in Zurich, the most since March 2020, after delivering sales growth below expectations in the second quarter and announcing downward revisions to its full-year net sales guidance. The eyecare firm has, however, kept its core EPS outlook unchanged.
- Shares in dairy producer Emmi were up as much as 5% after it boosted its organic sales forecast for the full year.

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