On this episode of Stock Movers:
- Temenos shares drop as much as 14%, the most since February 2024, after the Swiss banking software provider dismissed CEO Jean-Pierre Brulard, naming CFO Takis Spiliopoulos as his successor and interim CEO. ZKB says the dismissal adds uncertainty to the investment case.
- Orsted falls as much as 2.2% after the wind farm developer cut its Ebitda excluding items forecast for the full year.
- Hexagon gains as much as 7.4%, the most since July, after the Swedish industrial design and measurement firm announced it would sell its design and engineering (D&E) unit to Cadence Design Systems for €2.7 billion ($3.2 billion).

Weekly Roundup: Alphabet Soars, Clorox Sinks, Centene Rallies
03:56

Closing Bell: Apple Rallies, Oracle Soars, Roblox Sells Off
04:34

Chevron Falls on 'Messy' Quarter Results, Riot Platforms Higher, Spirit Airlines Nears Shutdown
05:04