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, Kristine Aquino, Carol Massar and Tim Stenovec. 

- International Paper (IP) is evaluating a potential sale of its European packaging business and is in discussion with potential bidders. The company is proceeding with its plan to spin off and publicly list the segment in parallel with evaluating a potential sale. International Paper said the process of evaluating a potential sale is at an early stage and there is no certainty a deal will be agreed on or completed. Shares of International Paper closed higher. 

- Penske Automotive (PAG) reached a deal with its two biggest shareholders to go private at a $16.3 billion enterprise value. Motown Acquisition Corp. will acquire the dealer group for $212 a share, an 8.8% premium over the stock’s prior closing price. The cash deal, which is expected to close in the first quarter of 2027, is not subject to a financing condition. Shares of Penske Automotive climbed in trading on Thursday. The stock rose 23% this year through Wednesday.

- Fried-chicken chain KFC reached an agreement to serve Coca-Cola beverages in the US, dislodging PepsiCo (PEP) from a longtime restaurant partner. The agreement is another blow to PepsiCo, which has been struggling to turn around its salty snacks division and shore up its North America soda business. PepsiCo shares fell in New York trading, reversing an earlier gain.