On this edition of Stock Movers:- StubHub (STUB) shares declined 6.4% in the ticketing platform’s debut after raising $800 million in an initial public offering. Shares of the New York-based company closed at $22 each on Wednesday, erasing an initial gain. The firm had sold 34 million shares Tuesday at $23.50, after offering them for $22 to $25 each. The trading gives StubHub a market value of about $8.1 billion based on the outstanding shares listed in its earlier filings.- Workday (WDAY) shares rose today after Elliott Investment Management unveiled a $2 billion-plus investment in Workday Inc., sending its shares up as much as 10% Wednesday. The activist investor said Workday Chief Executive Officer Carl Eschenbach and his team have made “substantial progress” in recent years driving growth and customer retention, according to a statement Tuesday. Workday announced on its analyst day on Tuesday a $1.1 billion acquisition of artificial intelligence company Sana. It also said it is partnering with Databricks Inc., Salesforce Inc. and Snowflake Inc. to allow access of human resources and finance data on its platform. “We are pleased with our dialogue with the team and believe the plan announced at today’s financial analyst day represents a significant enhancement of Workday’s operating model and capital allocation framework,” Elliott said in the statement.- Hologic (HOLX) shares soared today after Blackstone Inc. and TPG Inc. have revived their interest in acquiring medical device maker Hologic Inc., according to people familiar with the matter. The investment firms have re-engaged with Hologic’s board in recent weeks about a potential takeover of the company, the people said, asking not to named because the matter is private. Blackstone and TPG are in the process of conducting due diligence, they said.See omnystudio.com/listener for privacy information.
On this episode of Stock Movers:Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.- Workday (WDAY) shares rose today after Elliott Investment Management unveiled a $2 billion-plus investment in Workday Inc., sending its shares up as much as 10% Wednesday. The activist investor said Workday Chief Executive Officer Carl Eschenbach and his team have made “substantial progress” in recent years driving growth and customer retention, according to a statement Tuesday. Workday announced on its analyst day on Tuesday a $1.1 billion acquisition of artificial intelligence company Sana. It also said it is partnering with Databricks Inc., Salesforce Inc. and Snowflake Inc. to allow access of human resources and finance data on its platform. “We are pleased with our dialogue with the team and believe the plan announced at today’s financial analyst day represents a significant enhancement of Workday’s operating model and capital allocation framework,” Elliott said in the statement.- Krispy Kreme (DNUT) shares rallied today after FBI Director Kash Patel commented on his purchases of Krispy Kreme Inc. and ON Semiconductor Corp. stocks during his testimony in Congress. Patel explained that he’s long liked to trade stocks and said that in this case he simply saw “good investment” opportunities in Krispy Kreme Inc. and ON Semiconductor Corp.- Cracker Barrel Old Country Store Inc. (CBRL) shares fell today after the company offered sales guidance for the current fiscal year that missed expectations, suggesting the brand is still dealing with the fallout from its controversial logo change. Revenue in fiscal 2026, which ends next summer, is projected to be in a range of $3.35 billion to $3.45 billion, the company said in a statement Wednesday. Analysts are expecting sales of $3.52 billion in the period, according the average of estimates compiled by Bloomberg. The mid-point of Cracker Barrel’s range suggests sales will remain similar to the past two years, when growth has stagnated. The outlook assumes foot traffic at existing stores declines 4% to 7% in the coming year.See omnystudio.com/listener for privacy information.
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Workday Higher, Lyft Rises, Nvidia Down on China's Orders to Stop Buying Their Chips
On this episode of Stock Movers: - Workday (WDAY) shares rise after Elliott Investment Management says the human-resources software company has made substantial progress in recent years, and called the plan announced at the event a significant enhancement of the company’s operating model and capital allocation framework. - Lyft (LYFT) shares rise after they announced their partnership with Waymo to offer robotaxi service in Nashville starting next year. Waymo will launch fully autonomous operations in Nashville in the coming months, with rides opening to the public next year through the Waymo app and then on Lyft's platform.- Nvidia (NVDA) shares fall after the Financial Times reported that China’s internet regulator has told the country’s biggest technology companies to stop buying Nvidia artificial intelligence chips and terminate their existing orders. The Cyberspace Administration of China informed companies including ByteDance and Alibaba this week to terminate their testing and orders of the RTX Pro 6000. BBC reports that Nvidia CEO Jensen Huang is “disappointed” and that he would be "patient" in responseSee omnystudio.com/listener for privacy information.
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Nvidia Down, General Mills Lower, Eli Lilly Up on GLP-1 Pill Performance
On this episode of Stock Movers:Nvidia (NVDA) shares fall after the Financial Times reported that China’s internet regulator has told the country’s biggest technology companies to stop buying Nvidia artificial intelligence chips and terminate their existing orders. The Cyberspace Administration of China informed companies including ByteDance and Alibaba this week to terminate their testing and orders of the RTX Pro 6000. BBC reports that Nvidia CEO Jensen Huang is “disappointed” and that he would be "patient" in response General Mills (GIS) shares fall after 1Q adjusted EPS at 86 cents tops analyst estimates. Company cited a rise in cooking at home among value-conscious consumers struggling with inflation -- a lot of rice and beans. Sales in the important North America retail segment dropped 13% for the quarter to $2.6 billion, largely due to lower volume and divestiture of the yogurt business in that region Eli Lilly (LLY) shares higher after Patients on Eli Lilly's experimental diabetes pill lost more weight and had better blood sugar control than those on an older, approved rival from Novo Nordisk. First head-to-head trial of the two drugs Patients given Eli Lilly's oral GLP-1 drug lost 8.2% of their body weight in 52 weeks versus 5.3% for Novo's drug. Doctors welcomed the results and say the tablet will make it possible to treat more patients because it’s easier to produce and to take, and may eventually be cheaperSee omnystudio.com/listener for privacy information.
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Nvidia China Ban; New Fortress Soars; Workday Upgrade
On this episode of Stock Movers:- Nvidia (NVDA) is lower after China’s internet watchdog has instructed companies including Alibaba and ByteDance to terminate orders for Nvidia’s RTX Pro 6000D, the Financial Times reported. The Cyberspace Administration of China told companies to stop testing the chip and cancel existing orders, according to the FT.- New Fortress Energy (NFE) shares are soaring, set to extend Tuesday’s record 45% rally, after billionaire Wes Edens’ firm finalized a seven-year deal worth $4 billion to supply liquefied natural gas to Puerto Rico.- Workday (WDAY) shares are rising in the wake of an analyst day event that prompted at least two upgrades. In addition, Elliott Investment Management says the human-resources software company has made substantial progress in recent years, and called the plan announced at the event a significant enhancement of the company’s operating model and capital allocation framework.See omnystudio.com/listener for privacy information.
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