On this episode of Stock Movers:
- General Mills (GIS) shares rise 1.6% after the food company’s second-quarter results beat Street expectations. A highlight of the report was positive volume growth in the North America Retail segment. The company maintained its annual guidance ranges, despite the beat, given persistent consumer pressures. 
- Oracle (ORCL) shares are down 5.3% on Wednesday, after the Financial Times reported that Blue Owl Capital will not back a $10 billion deal for the software giant’s next data center. Subsequently, an Oracle spokesperson said that Blue Owl is out of the data center deal, but that it remains on schedule. 
- Canaccord downgraded Udemy (UDMY) to Hold from Buy with a $7 price target after the company announced a merger with Coursera

On this episode of Stock Movers: - General Mills (GIS) shares rise 1.6% after the food company&rsquo;s second-quarter results beat Street expectations. A highlight of the report was positive volume growth in the North America Retail segment. The company maintained its annual guidance ranges, despite the beat, given persistent consumer pressures. - Oracle (ORCL) shares are down 5.3% on Wednesday, after the Financial Times reported that Blue Owl Capital will not back a $10 billion deal for the software giant&rsquo;s next data center. Subsequently, an Oracle spokesperson said that Blue Owl is out of the data center deal, but that it remains on schedule. - Canaccord downgraded Udemy (UDMY) to Hold from Buy with a $7 price target after the company announced a merger with Coursera

Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

General Mills Rises, Oracle Falls, Udemy Downgraded

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/56a8b4a4-bcf8-4cf8-9086-b3b6017a2f89/transcript

Advertisement