Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shares of SanDisk (SNDK), along with other chipmakers and AI-related firms, are moving higher in premarket trading ahead of Samsung’s June quarter earnings and updates to SK Hynix Inc.’s massive ADR listing.
- Shares of Comcast Corp. (CMCSA) are edging higher ahead of the US market open after British broadcaster ITV agreed to sell its Media and Entertainment arm to Comcast-owned Sky Group Ltd. in a deal worth as much as £1.6 billion ($2.1 billion) including debt, reshaping the UK television industry. The agreement to sell ITV’s free-to-air TV channel operations and the ITVX streaming platform includes £1.2 billion in cash, the transfer of the producer of hit TV show The Great British Bake Off and as much as £200 million in additional contingent payments tied to advertising performance, the companies said in a statement Monday.
- Shares of EasyJet (EZJ LN) rallied to the highest level since February 2022 after the budget airline accepted a takeover offer from US private equity firm Castlelake at 690p a share. Castlelake swooped in as the UK budget carrier was reeling from soaring jet fuel prices and suppressed demand after the Iran war.