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Confluent Deal Report; Jeffries Slips; BMW Slumps

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On this episode of Stock Movers:
- Confluent (CFLT) shares soared as Reuters reports that the data infrastructure company is exploring a sale after receiving acquisition interest. The firm has engaged an investment bank to manage the process, Reuters reports, citing people it didn’t identify. No deal is guaranteed
- Jeffries (JEF) shares slipped on news it said it has $161 million of exposure to funds that held trade receivables and loans of bankrupt auto-parts supplier First Brands Group. The exposure is mostly through Point Bonita Capital, a division of its Leucadia Asset Management, which manages trade-finance assets on behalf of third-party institutional and other investors. Leucadia has a $113 million equity stake in the fund, according to a statement.
- BMW (BMWKY) is the worst performing stock in Europe this morning after the company lowered its financial guidance due to weak sales in China and tariff costs. The company now sees pretax group earnings slightly lower in 2025 compared to last year and slashed its projection for automotive free cash flow.

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