SpaceX Falls, CME Group Drops, Coinbase Sinks After New Product Announcements

SpaceX Falls, CME Group Drops, Coinbase Sinks After New Product Announcements

On this episode of Stock Movers: -SpaceX (SPCX) shares drop, erasing a gain that had reached 6% earlier in the session. The decline puts the stock on track to snap a three-day winning streak that had pushed shares nearly 50% above their $135 IPO price. -CME Group (CME) shares drop. CME Group Inc. Chief Executive Officer Terry Duffy is handing over the reins after more than 25 years at the world’s largest derivatives exchange. Duffy will step down as CEO on March 1 and transition to executive chairman, with Chief Financial Officer Lynne Fitzpatrick taking over as CEO. -Coinbase (COIN) shares fall after the company announced a redesigned Base app and new products like an AI-powered adviser, private transactions, pre-IPO perpetual futures, options trading and tokenized stocks. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

SpaceX and La-Z-Boy Higher; CarMax Reports

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - SpaceX (SPCX) shares are climbing higher yet again. Shares are poised for a fourth straight day of gains, reinforcing the company’s place among the world’s largest after it surpassed Amazon.com by market value. - La-Z-Boy (LZB) shares are higher after the home furniture store’s reported adjusted earnings per share for the fourth quarter beat the average analyst estimate. - CarMax (KMX) shares are moving after it reported net sales & operating revenue for the first quarter that beat the average analyst estimate. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

BMW Stalls, Hapag-Lloyd Up, AO World Down

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - BMW shares fall as much as 12% to their lowest since November 2020 after the German carmaker slashed its profitability forecast and ramped up its cost-cutting program, flagging worsening demand in China and negative sentiment from the war in the Middle East. - Hapag-Lloyd shares rise as much as 6.1%, before paring the move, following a Manager Magazin report that Mediterranean Shipping Company owner Gianluigi Aponte has enquired with shareholders in the German container shipper about buying a stake. - AO World Plc is replacing UK call center employees with recruits based in South Africa, as the online household goods retailer hit out at higher taxes and other costs on businesses imposed by the British government. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

BMW Down, Auto1 Up, Hays Rises

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - BMW shares fall as much as 12% to their lowest since November 2020 after the German carmaker slashed its profitability forecast and ramped up its cost-cutting program, flagging worsening demand in China and negative sentiment from the war in the Middle East. - Shares in Auto1, the platform for buying and selling used cars, rose after providing long-term financial targets for its Merchant and Retail segments at today’s capital markets event. - Hays shares rise as much as 7.4%, the most in almost two months, after the recruitment company said it has offloaded operations in six countries and is considering options in a number of other nations. Panmure Liberum said the move is the right thing to do. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

SpaceX Overtakes Amazon in Third Trading Day, Take-Two Soars, La-Z-Boy Rises After Earnings

On this episode of Stock Movers: - SpaceX (SPCX) jumped for a third straight day on Tuesday, overtaking Amazon.com Inc. in value to become the fifth-largest stock in the world. Shares closed 4.8% higher, pushing its market capitalization to $2.65 trillion, roughly $8 billion higher than Amazon’s. At the stock’s intraday high, the market value of Elon Musk’s rocket and AI company topped Microsoft Corp. to briefly become the world’s fourth-largest stock. SpaceX announced Tuesday that it has formally agreed to take over Cursor in a deal that values the AI coding startup at $60 billion. Cursor investors will have the right to receive SpaceX stock based on the implied equity value of Cursor, according to a company filing. - Take-Two Interactive (TTWO) shares gained as much as 5.2% after Piper Sandler estimated the video-game maker would have 46 million unit sales of Grand Theft Auto VI when the game launches.  - La-Z-Boy (LZB) shares traded higher after the market close after it delivered earnings the beat estimates. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.