Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Vestas shares surged as much as 19%, the most since July 2022, after the Danish company lifted its profit guidance for the year and announced a share buyback driven by jump in orders for its wind turbines.
- Hermes shares fall alongside other European luxury stocks after Deutsche Bank lowered its price targets for heavyweights in the sector, citing limited improvements during the second-quarter earnings season.
- Kingspan shares rise as much as 8.3%, to the highest since January 2022, after the Irish building materials company announced the purchase of BMC Manufacturing Group for an initial consideration of €850 million, with a potential deferred consideration of up to €50 million.