Stock Movers

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

- Workday (WDAY) shares jumped after a Reuters report that private equity firm Silver Lake is in talks to purchase the software provider. The private equity firm has been in discussions for several months about a takeover of Workday, which makes software for business tasks such as human resources, Reuters reported Thursday citing unidentified people familiar with the talks. There is no guarantee a deal will occur, the newswire said. The shares jumped 26% to $220.50 before they were halted for volatility. Workday has been one of the software companies whose business has been threatened by artificial intelligence startups. The stock had dropped 18% through Wednesday’s close.

- Applied Materials (AMAT) reported third-quarter results that beat expectations and gave a fourth-quarter forecast that is above the analyst consensus. However, shares of the semiconductor capital equipment company are down 5.4% in extended trading. The stock has more than doubled this year, as of last close.

- Shares of Coach and Kate Spade parent Tapestry (TPR) are down as much as 17%, the most intraday since Aug. 2025, after the handbag and accessories company gave initial fiscal 2027 forecasts for adjusted EPS and revenue which, at the midpoint, are slightly below the consensus estimate. Call commentary touched on “uneven” quarterly profitability throughout the year.
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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, Isabelle Lee, Carol Massar and Tim Stenovec

- Sandisk (SNDK) is up as much as 17.6% on Thursday after the company provided long-term targets at its 2026 investor day. The stock broke above the 38.2% Fibonacci retracement level, measured from the June high to the July low, and approached its 50-day moving average. Shares of other memory-linked names rose as well: Western Digital +10.7%, Seagate +6.4%, Micron +7.3%

- Workday (WDAY) shares jumped after a Reuters report that private equity firm Silver Lake is in talks to purchase the software provider. The private equity firm has been in discussions for several months about a takeover of Workday, which makes software for business tasks such as human resources, Reuters reported Thursday citing unidentified people familiar with the talks. There is no guarantee a deal will occur, the newswire said. The shares jumped 26% to $220.50 before they were halted for volatility. Workday has been one of the software companies whose business has been threatened by artificial intelligence startups. The stock had dropped 18% through Wednesday’s close.

- Hertz Global Holdings (HTZ) shares tumbled after Pershing Square Inc.'s chief investment officer said the asset management firm has sold its stake in the car-rental company. Pershing lost confidence in Hertz's management after the firm announced a funding plan that "we did not think was necessary," said Ryan Israel. The stock drop snaps an run-up for the stock over six sessions as of Wednesday's close, with Hertz's stock having seen wild swings over the course of 2026.
See omnystudio.com/listener for privacy information.

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

- Workday (WDAY) shares jumped after a Reuters report that private equity firm Silver Lake is in talks to purchase the software provider. The private equity firm has been in discussions for several months about a takeover of Workday, which makes software for business tasks such as human resources, Reuters reported Thursday citing unidentified people familiar with the talks. There is no guarantee a deal will occur, the newswire said. The shares jumped 26% to $220.50 before they were halted for volatility. Workday has been one of the software companies whose business has been threatened by artificial intelligence startups. The stock had dropped 18% through Wednesday’s close.

- Cisco Systems (CSCO) shares fell after the company projected $7.5 billion in AI data center sales this fiscal year, which disappointed investors. AI sales will make up about 10% of Cisco's projected total revenue of $72.2 billion to $73.4 billion in fiscal 2027, according to a company statement. Cisco Chief Executive Officer Chuck Robbins described the AI sales guidance as "a good, prudent guide for the year", despite analysts questioning how it lined up with AI-related orders.

- Birkenstock (BIRK) is rallying after the footwear maker boosted its adjusted Ebitda forecast for the full year. The German company also reported better-than-expected sales for the second quarter. The German company now expects revenue growth of 15% on a constant-currency basis for the fiscal year that ends in September, according to a statement Thursday, implying revenue of as much as €2.35 billion ($2.7 billion). It also sees adjusted earnings before interest, taxes, depreciation and amortization of at least €710 million. Both targets are broadly in line with analyst estimates
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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:
- Cerebras (CBRS) shares slid after the company projected slower growth than some investors anticipated. Revenue will be about $215 million in the current quarter, which topped the $212 million average estimate but was below some predictions. The company's cloud division revenue nearly quadrupled to $127.7 million on a core basis, eclipsing its hardware business, which sells computers outfitted with its chips.
- Stubhub (STUB) shares drop. The ticketing company reported earnings per share for the second quarter that missed the average analyst estimate. Analysts highlight a boost from the World Cup, but note that the company’s full-year forecast underwhelmed.
- Birkenstock (BIRK) shares rise. Birkenstock Holding Plc expects revenue growth of 15% on a constant-currency basis for the fiscal year that ends in September, implying revenue of as much as €2.35 billion. The company posted strong quarterly earnings, with constant-currency sales rising to €720 million in the quarter through June, and an adjusted gross profit margin of 59.2%.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:

- Stubhub (STUB) shares drop. The ticketing company reported earnings per share for the second quarter that missed the average analyst estimate. Analysts highlight a boost from the World Cup, but note that the company’s full-year forecast underwhelmed.

- Cerebras (CBRS) tumbled after the company projected slower growth than some investors anticipated. Revenue will be about $215 million in the current quarter, which topped the $212 million average estimate but was below some predictions.

- Tapestry (TPR) shares slide. Shares of Coach and Kate Spade parent Tapestry are down after the handbag and accessories company gave initial fiscal 2027 forecasts for adjusted EPS and revenue which, at the midpoint, are slightly below the consensus estimate. This may be disappointing investors after the stock’s nearly 20% run since May 15th.
See omnystudio.com/listener for privacy information.