Wednesday, October 23, 2024
HomeFinanceWalt Disney and Capri Holdings shares gain, among other movers

Walt Disney and Capri Holdings shares gain, among other movers


Here are some of the biggest movers in premarket trading Thursday:

Stock gainers:

Walt Disney Co. shares
DIS,
-0.73%

rose 2% after the media giant reported a mixed third-quarter and said it will raise prices on almost all of its streaming packages in an aggressive push to boost profit.

Shares of Applovin Inc.
APP,
-2.13%

rallied more than 20% after the software company swung to a profit and reported better-than-expected revenue in its second quarter.

Sonos Inc. stock
SONO,
-1.45%

zoomed 10% higher after the maker of audio and home-theater equipment reported better-than-expected revenue for its fiscal third quarter and tweaked guidance for fiscal 2023.

Shares of Kenvue Inc.
KVUE,
-0.13%

rose nearly 3% on news the Johnson & Johnson spinoff and maker of Tylenol, Benadryl and other household names in health-care products will be the latest company to join the S&P 500 index
SPX.

Shares of Wynn Resorts 
WYNN,
-1.47%

 rose 1.9% after the casino and resort operator reported second-quarter results that beat expectations, helped by a rebound in Macau and strong trends in North America.

Capri Holdings shares
CPRI,
-1.70%

jumped 24% after A Wall Street Journal story  said Tapestry
TPR,
-0.87%
,
the owner of Coach, was in talks to buy Capri, the parent company of Michael Kors, Jimmy Choo and Versace. 

Stock decliners:

Plug Power Inc. stock
PLUG,
-1.47%

dropped nearly 12% after the alternative-energy company saw losses for the second quarter increase more than Wall Street expected.

Shares of Illumina Inc.
ILMN,
-0.90%

slid nearly 5% after the DNA-sequencing company tempered its full-year sales outlook, amid a cautious consumer backdrop and a wobbly economic recovery in China.



This story originally appeared on Marketwatch

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