Stock Movers

On this episode of Stock Movers:- Accenture (ACN) shares fall after the IT services company gave an outlook that analysts said pointed to slower growth. It also reported first-quarter results that are seen as strong.- Birkenstock (BIRK) shares drop after the company predicted a slower pace of sales growth in the coming year as its sandals and clogs contend with the impact of a weaker US dollar and tariffs. - CarMax (KMX) shares rise after said it will tolerate lower margins and boost ad spending to repair its business and attract buyers after slumping sales wiped out half of the used car retailer’s market value this year.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Instacart (CART) is down after Reuters reported that the Federal Trade Commission has sent the grocery delivery company a civil investigative demand.- Lululemon (LULU) rises on reports that activist investor Elliott Investment Managementhas built a stake of more than $1 billion in the athletic apparel retailer.- Micron (MU) jumps after providing an upbeat forecast for the current quarter, citing surging demand and supply shortages that are allowing the company to charge more for products.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Shares of Trump Media & Technology Group Corp (DJT) soared ahead of the US market open after the company behind Truth Social announced that it agreed to merge with clean fusion energy company TAE Technologies in an all-stock transaction valued at more than $6 billion.- Shares of Micron Technology (MU) moved higher in premarket trading after the company gave an upbeat forecast for the current quarter, a sign that surging demand and supply shortages are allowing the company to charge more for products. Fiscal second-quarter revenue will be $18.3 billion to $19.1 billion, the company said in a statement Wednesday. Analysts had estimated $14.4 billion on average for the period. Excluding some items, profit will be $8.22 to $8.62 a share, compared with a projection of $4.71. Micron is the largest US maker of computer memory chips.- Shares of Lululemon Athletica (LULU) rallied after reports activist investor Elliott Investment Management has built a stake of more than $1 billion in the athleisure maker, according to people familiar. Elliott has been working for months with retail executive Jane Nielsen — a former chief financial officer and chief operating officer at Ralph Lauren — on Lululemon, said the person, who asked to remain unnamed as the matter is private.See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:- Shares of Trump Media & Technology Group Corp (DJT) soared ahead of the US market open after the company behind Truth Social announced that it agreed to merge with clean fusion energy company TAE Technologies in an all-stock transaction valued at more than $6 billion. - Shares of Micron Technology (MU) rallied in premarket trading after the company gave an upbeat forecast for the current quarter, a sign that surging demand and supply shortages are allowing the company to charge more for products. Fiscal second-quarter revenue will be $18.3 billion to $19.1 billion, the company said in a statement Wednesday. Analysts had estimated $14.4 billion on average for the period. Excluding some items, profit will be $8.22 to $8.62 a share, compared with a projection of $4.71. Micron is the largest US maker of computer memory chips.- Accenture (ACN) reported adjusted earnings per share for the first quarter that beat the average analyst estimate.See omnystudio.com/listener for privacy information.

On This episode of Stock Movers:- BP Plc appointed Meg O’Neill as chief executive officer, replacing Murray Auchincloss after just two years in the job as the oil giant struggles to revive its fortunes following a botched pivot toward renewables.- Whitbread shares rally as much as 4.5%, Thursday’s biggest gainer in the FTSE 100. Corvex Management announced it has accumulated a 6.05% ownership stake in the hotel operator and is calling for a strategic review of the company.- Rheinmetall shares were little changed after the firm adjusted its full-year outlook, in a move Morgan Stanley says represents an increase to sales growth at the group level, but a reduction on a standalone defense basis.See omnystudio.com/listener for privacy information.