Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- SpaceX (SPCX) shares slipped in premarket trading, putting them on track to fall for a second straight day as it wraps up its first week as a public company following a record initial public offering. The stock fell as much as 3.5% in premarket trading after initially rising 2%. The move is set to extend Wednesday’s nearly 5% decline, the first down day for shares after they jumped 49% across their first three days of trading. Still, the rocket and AI company remains on track to end the week nearly 40% above its $135 IPO price.
- Shares of Accenture (ACN) tumbled after the IT services company gave a revenue forecast for the fourth quarter that fell short of Wall Street’s expectations. The company said it’s expecting to reel in less revenue in the coming months, as artificial intelligence upends the consulting services industry and clients paused business due to the conflict in the Middle East. Accenture reported a 2% drop in new bookings for the quarter ended May 31, according to a statement Thursday. It forecast revenue of between $17.75 billion and $18.4 billion in the three months through August, falling short of the $18.47 billion Bloomberg-compiled analysts had anticipated.
- Take-Two (TTWO) shares jumped on Thursday as its Rockstar Games unit says that pre-orders for its much-anticipated Grand Theft Auto VI game will begin on June 25. GTA VI is widely expected to be one of the biggest video games ever. The previous entry in the long running crime drama series has sold more than 225 million copies. In a recent interview, Chief Executive Officer Strauss Zelnick said he was both excited and terrified about the expectations surrounding the game.

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - SpaceX (SPCX) shares slipped in premarket trading, putting them on track to fall for a second straight day as it wraps up its first week as a public company following a record initial public offering.&nbsp;The stock fell as much as 3.5% in premarket trading after initially rising 2%. The move is set to extend Wednesday&rsquo;s nearly 5%&nbsp;decline, the first down day for shares after they jumped 49% across their first three days of trading. Still, the rocket and AI company remains on track to end the week nearly 40% above its $135 IPO price. - Shares of Accenture (ACN) tumbled after the IT services company gave a revenue forecast for the fourth quarter that fell short of Wall Street&rsquo;s expectations. The company said it&rsquo;s expecting to reel in less revenue in the coming months, as artificial intelligence upends the consulting services industry and clients paused business due to the conflict in the Middle East. Accenture reported a 2% drop in new bookings for the quarter ended May 31, according to a statement Thursday. It forecast revenue of between $17.75 billion and $18.4 billion in the three months through August, falling short of the $18.47 billion Bloomberg-compiled analysts had anticipated. - Take-Two (TTWO) shares jumped on Thursday as its Rockstar Games unit says that pre-orders for its much-anticipated Grand Theft Auto VI game will begin on June 25. GTA VI is widely expected to be one of the biggest video games ever. The previous entry in the long running crime drama series has sold more than 225 million copies. In a recent interview, Chief Executive Officer Strauss Zelnick said he was both excited and terrified about the expectations surrounding the game.

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Listen for five-minute conversations on today's biggest winners and losers in the stock market.&nbsp;
Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

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

Stock Movers

SpaceX Set to Fall; Accenture Sinks; Take Two Climbs on GTA Update

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