Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Payments firm Edenred said it has been approached by investment funds, following a report of takeover interest from BC Partners.
- Tesco Plc’s sales rose less than expected in the fiscal first quarter as the UK’s biggest supermarket grapples with weaker consumer sentiment and a tough comparison with last year.
- Evonik Industries AG is shedding an additional 3,200 jobs and scrapping its unprofitable polyester business as the German chemicals company grapples with geopolitical turmoil, high energy costs and mounting competition from Asia.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- French employee-benefits firm Edenred said it has been approached by investment funds, following a report of takeover interest from BC Partners.
- Shares in Legrand rose after executives from the French electrical-equipment group presented at JPMorgan’s European Industrials Conference in London.
- Carrefour drops as much as 4% as JPMorgan places the French supermarket operator on a negative catalyst watch, saying first-half results on July 23 “might turn out to be a downgrade event.”
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- SK Hynix was one of the biggest boosts to South Korea’s Kospi which advanced as much as 1.5% to a record, led by strength in chip giants.
- Tencent is one of the Chinese hyperscalers following their American frenemies lower in Asia trading.
- Alibaba’s Hong Kong-listed shares fall as much as 3.7% after China released draft rules aimed at regulating subsidies on food delivery platforms.
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On this episode of Stock Movers:
- SpaceX (SPCX) shares declined for the first time since its record initial public offering, snapping a three-day rally that had reached nearly 50%. Shares of Elon Musk’s rocket and AI firm fell about 5% after a volatile session that saw the stock initially gain as much as 6% before reversing. The decline dragged SpaceX back below Amazon.com Inc. in value, making it the sixth-largest company in the world with a market capitalization of about $2.5 trillion. Still, the shares are more than 42% above their $135 IPO price.
- CarMax (KMX) shares dropped after same-store sales and used-car profit declined for a fourth straight quarter, raising questions about the durability of its turnaround effort. Shares tumbled as much as 9.4% in New York trading. The stock had gained 35% this year through Tuesday’s close, though it’s still down by two-thirds since its 2021 high.
- Allbirds (BIRD), the maker of once-viral wool sneakers that suddenly announced a pivot to artificial intelligence earlier this year, has officially renamed itself Smartbird Inc. and is tapping the former leader of a Danish AI infrastructure group as its new chief. Nadia Carlsten is taking over as chief executive officer, replacing Joe Vernachio who has resigned from the company and the board of directors. Lily Yan Hughes, who has served as an independent director on the company’s board, was appointed board chair. The company’s shares initially soared on news of the pivot to AI, but the stock has since erased much of those gains.
See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
-SpaceX (SPCX) shares drop, erasing a gain that had reached 6% earlier in the session. The decline puts the stock on track to snap a three-day winning streak that had pushed shares nearly 50% above their $135 IPO price.
-CME Group (CME) shares drop. CME Group Inc. Chief Executive Officer Terry Duffy is handing over the reins after more than 25 years at the world’s largest derivatives exchange. Duffy will step down as CEO on March 1 and transition to executive chairman, with Chief Financial Officer Lynne Fitzpatrick taking over as CEO.
-Coinbase (COIN) shares fall after the company announced a redesigned Base app and new products like an AI-powered adviser, private transactions, pre-IPO perpetual futures, options trading and tokenized stocks.
See omnystudio.com/listener for privacy information.