Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- SAP shares rise as much as 6.6%, bouncing back from a more than 30% drop since the start of the year, after the software company reported 2Q cloud backlog growth that beat estimates.
- Sanofi shares drop as much as 1.2% after the French pharmaceutical company ended clinical development of amlitelimab, an experimental drug for atopic dermatitis.
- Arcadis shares rose as much as 12% after the Dutch engineering firm said it’s reviewing a second unsolicited bid from Canada’s WSP that values the Dutch consulting and engineering firm at around €4.7 billion ($5.4 billion).