Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Yum! Brands (YUM) agreed to sell its struggling Pizza Hut chain for $2.7 billion to a private equity firm and its China business. LongRange Capital will acquire Pizza Hut ex-China for $1.5 billion, Yum said in a statement Tuesday. Yum China Holdings Inc. will buy the rest of the business for $1.2 billion. The transactions are expected to close in the third quarter.
- Dave & Buster’s (PLAY) shares tumble after the operator of restaurant and entertainment facilities reported comparable sales for the first quarter that missed the average analyst estimate. Research firm Benchmark downgraded the stock, citing a lack of confidence that same-store sales will stabilize/eventually turn positive this year.
- Robinhood Markets (HOOD) shares are up after it said it is reducing its full-time employee workforce by 10%, and also closing a small number of open roles.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- SpaceX (SPCX), X67 and Anysphere entered a merger agreement with Cursor in a deal which values Cursor at an implied equity value of $60b.
- Novo Nordisk (NOVOB DC) will submit oral Wegovy for regulatory approval in China in a few weeks, Chief Executive Officer Mike Doustdar told reporters in Beijing on Tuesday.
- Dave & Buster's (PLAY) reported revenue for the first quarter that missed the average analyst estimate.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Rathbones Group Plc shares plunged after the UK wealth manager said it expects to incur £60 million ($80.4 million) of additional costs over the next two years, as it addresses issues found in a watchdog review into how it treats its customers.
- STMicroelectronics NV is looking to raise $1.5 billion from selling debt that can be exchanged into equity after the chipmaker’s shares tripled in value so far this year.
- Porsche received an upgrade to equal-weight at Barclays, which sees improving investor sentiment and a lack of near-term negative catalysts.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Germany rejected UniCredit SpA’s takeover bid for Commerzbank AG and said it supports the lender’s independence given its important role for the national economy.
- Rathbones Group Plc shares plunged after the UK wealth manager said it expects to incur £60 million ($80.4 million) of additional costs over the next two years, as it addresses issues found in a watchdog review into how it treats its customers.
- Germany’s Rheinmetall and South Korean LIG Defense&Aerospace agreed to establish a strategic partnership to supply air defense systems for Europe and NATO member states.

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Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- SpaceX (SPCX) shares jumped in their second day of trading, adding to gains following a blockbuster debut that instantly vaulted it into the ranks of the world’s most valuable public companies.The stock climbed as much as 16%, extending Friday’s 19% rally, to add almost $340 billion in market value. The move boosts the company’s market value to more than $2.4 trillion, putting it among the top six largest companies in the world. At its current market capitalization, it’s less than $220 billion away from overtaking Amazon.com Inc., which boasts a nearly $2.7 trillion value.

- Adaptive Biotechnologies (ADPT) shares slide 6.2% postmarket after the life science equipment company said it plans to offer $250 million convertible senior notes. It also announced its intention to pursue a separation of its Minimal Residual Disease and Immune Medicine businesses.

- Dave & Buster's Entertainment (PLAY) reported a lower profit and falling revenue in the first quarter, dragged down by a continued slide in comparable store sales. The Dallas-based company on Monday said its comparable store sales fell 5.4% during the quarter, steeper than the 1.2% decline expected by analysts polled by FactSet.

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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Griefeld, Carol Massar and Tim Stenovec

- SpaceX (SPCX) shares jumped in their second day of trading, adding to gains following a blockbuster debut that instantly vaulted it into the ranks of the world’s most valuable public companies.The stock climbed as much as 16%, extending Friday’s 19% rally, to add almost $340 billion in market value. The move boosts the company’s market value to more than $2.4 trillion, putting it among the top six largest companies in the world. At its current market capitalization, it’s less than $220 billion away from overtaking Amazon.com Inc., which boasts a nearly $2.7 trillion value.

- Chipmaking giant Nvidia (NVDA) is set to raise $25 billion from a high-grade bond sale that received more than three times that amount in demand, underscoring relentless investor appetite for exposure to the artificial intelligence boom.The deal, launched on Monday, attracted about $85 billion of orders at its peak, according to a person with knowledge of the matter, who asked not to be identified because they aren’t authorized to speak publicly.

- Fiserv (FISV) shares are down over 11% Monday, trading at the lowest intraday level since 2016, after the payments company named Takis Georgakopoulos as CEO effective immediately, succeeding Mike Lyons, who stepped down to become CEO of Truist Financial, according to a statement.

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Today's biggest winners and losers in the stock market, a look at the notable movers:

On this episode of Stock Movers:
- Fox (FOX) will acquire Roku for $160 a share in a cash-and-stock deal that values the streaming video platform at an enterprise value of about $22 billion. Fox intends to finance the cash portion of the transaction with about $8.3 billion of new debt as well as cash, according to a separate release. The sharp decline in Fox shares means the stock component of the agreement would be worth less if it holds through the closing of the deal.

- SpaceX (SPCX) shares jumped in their second day of trading, adding to gains following a blockbuster debut that instantly vaulted it into the ranks of the world’s most valuable public companies.The stock climbed as much as 16%, extending Friday’s 19% rally, to add almost $340 billion in market value. The move boosts the company’s market value to more than $2.4 trillion, putting it among the top six largest companies in the world. At its current market capitalization, it’s less than $220 billion away from overtaking Amazon.com Inc., which boasts a nearly $2.7 trillion value.

- TripAdvisor (TRIP) shares soar as much as 14%, the most intraday since Aug. 8, after the online travel-research company agreed to sell restaurant reservation platform TheFork to American Express for $700 million.

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On this episode of Stock Movers:
-Fox Corporation (FOXA) shares fall. Fox agreed to acquire Roku Inc. in a deal valued at about $22 billion including debt, creating a new television juggernaut and marking a big push into ad-supported streaming.
-American Airlines (AAL) shares surge. Airline companies gain while energy stocks fall after the US and Iran said they reached an interim agreement to reopen the Strait of Hormuz.
-SpaceX (SPCX) shares jumped in their second day of trading, adding to gains following a blockbuster debut that instantly vaulted it into the ranks of the world’s most valuable public companies.

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On this episode of Stock Movers:
- SpaceX (SPCX) shares jumped in their second day of trading, adding to gains following a blockbuster debut that instantly vaulted it into the ranks of the world’s most valuable public companies. The company has exercised the IPO’s over-allotment option, which lets underwriters sell an additional 83.3 million shares, increasing the amount raised to $86.2 billion.
- Fox (FOX) shares fall after the company agreed to acquire Roku Inc. in a deal that values the streaming video platform at about $22 billion including debt. The acquisition will combine Fox’s sports, news and entertainment channels with Roku’s platform of more than 100 million subscribers.
- Fiserv (FISV) shares fell to the lowest level in more than nine years after the surprise departure of Chief Executive Officer Michael Lyons. Lyons will take over at Truist Financial Corp. from Bill Rogers, who will stay on as the bank’s executive chairman, and will lead Truist’s next chapter of growth.

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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Roku (ROKU) is higher while Fox (FOX) is declining on news Fox agreed to acquire Roku in a deal that values the streaming video platform at about $22 billion including debt.
- United Airlines (UAL) is surging with airlines stocks up around 4% ahead of the open after the U.S. and Iran reached an interim peace deal.
- Coinbase (COIN) and Robinhood (HOOD) are following Bitcoin higher amid broader risk appetite with the US-Iran interim deal.

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