Stock Movers

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

- Constellation Brands (STZ) shares are down 4.9% in postmarket trading Tuesday after the beverage company reaffirmed its comparable earnings per share forecast for the full year.

- Seagate Technology (STX) shares are down 9.1% on Tuesday, after Bloomberg News reported that the company, along with Toshiba, is locked in a contest for TDK Corp.’s magnetic-heads business for hard-disk drives. Western Digital is down 6.4%

- Biotech stocks took a hit Tuesday, with Vaxcyte, Moderna and Revolution Medicines posting some of the steepest losses. The Medical-Development Biotech industry group toppled, while the revenue-winning biotech group tumbled and the profitable biotechs rose. The end of the year could be a stronger period for biotech stocks, with conferences like the European Society of Medical Oncology meeting giving biopharma companies the chance to present potentially stock-stoking data.
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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 Scarlet Fu, Carol Massar and Norah Mulinda
- Constellation Energy (CEG) shares are higher on news Google and Constellation Energy announced a long-term deal to bring 890 MW of new nuclear capacity on the PJM grid in Illinois, Pennsylvania and New Jersey.

- Biotech stocks took a hit Tuesday, with Vaxcyte, Moderna and Revolution Medicines posting some of the steepest losses. The Medical-Development Biotech industry group toppled, while the revenue-winning biotech group tumbled and the profitable biotechs rose. The end of the year could be a stronger period for biotech stocks, with conferences like the European Society of Medical Oncology meeting giving biopharma companies the chance to present potentially stock-stoking data.

- Marvell Technology (MRVL) shares rise as much as 11%, the most intraday since late August, after the company raised its revenue guidance for fiscal year 2028 to $20 billion, topping the average analyst estimate.
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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:

- Google parent Alphabet (GOOGL) agreed to buy nuclear power from Constellation Energy Corp. in a 20-year power-purchase agreement that will drive more than $4.3 billion in investments to upgrade systems at 11 Constellation reactors. The agreement will add 890 megawatts of new reactor capacity and the electricity will start arriving on the grid as soon as 2028, with Constellation shares rising as much as 15% in New York. The deal is part of a trend of tech companies investing in nuclear energy to support their operations, with other companies such as Amazon.com Inc., Walmart Inc., and Microsoft Corp. also signing agreements with Constellation and other nuclear power producers. Constellation shares rose as much as 15% in New York, in biggest intraday jump since April, while Alphabet’s stock fell as much as 0.5%.

- Marvell Technology (MRVL) shares rise as much as 11%, the most intraday since late August, after the company raised its revenue guidance for fiscal year 2028 to $20 billion, topping the average analyst estimate.

- Empire State Realty Trust (ESRT) is trading higher by 4.7% on Tuesday after a 13D filing late Monday showed Bruce Schanzer’s Erez Asset Management took a 10-million-share (5.8%) stake in the office landlord, calling the stock undervalued.
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On this episode of Stock Movers:
- Nike (NKE) shares fall after the company was downgraded to sell from hold at Berenberg, which sees another 19% downside for the shares amid challenges with its position in the sportswear market and in China. Analyst Nick Anderson says “Nike appears to have accepted a smaller place in sportswear,” with a “proliferating number of challengers across increasingly fragmented local and category niches”
- P&G (PG) shares rise. Procter & Gamble Co. shares are up after Evercore ISI upgraded the maker of consumer products to outperform from inline, citing an improved growth outlook going forward.
- Chevron (CVX) shares gain. A US ban on diesel exports could result in higher prices in some parts of the country as well as causing issues with other nations that rely on American supplies, Chevron Corp. Chief Executive Officer Mike Wirth said on Tuesday.
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On this episode of Stock Movers:
- Constellation Energy (CEG) shares rise. Google parent Alphabet Inc. agreed to buy nuclear power from Constellation Energy Corp. in a 20-year power-purchase agreement that will drive more than $4.3 billion in investments to upgrade systems at 11 Constellation reactors.
- Advanced Micro Devices (AMD) shares gain. The chipmaker’s CEO predicted “very high” chip demand over the next few years. Separately, analysts raised their price targets on the stock, citing growth from AI agent products.
- Seagate (STX) shares plunge. Seagate Technology Holdings Plc and Toshiba Corp. are competing to acquire TDK Corp.'s magnetic-heads business for hard-disk drives. The acquisition is expected to be worth as much as several billion dollars and would give the winning bidder a critical part of the supply chain.
See omnystudio.com/listener for privacy information.