Movers & Shakers: Walt Disney and Capri Holdings shares gain, among other movers

by | Aug 10, 2023 | Stock Market

Here are some of the biggest movers in premarket trading Thursday: Stock gainers: Walt Disney Co. shares
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.
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
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.
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
Shares of Wynn Resorts 
 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
jumped 24% after A Wall Street Journal story  said Tapestry
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
dropped nearly 12% after the alternative-energy company saw losses for the second quarter increase more than Wall Street expected. Shares of Illumina Inc.
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.

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