Here are some of the biggest movers of the day.
Stock gainers:
Walt Disney Co.’s stock
DIS,
jumped 7% after the media company reported a spike in streaming customers and better-than-expected earnings.
Shares of Virgin Galactic Holdings Inc.
SPCE,
soared more than 27% after the space-tourism company narrowed its quarterly loss, more than doubled its revenue and said it expects to beat analysts’ expectations in the fourth quarter.
Shares in AstraZeneca PLC
AZN,
increased 2% after the Anglo-Swedish drugmaker upped its earnings forecast for 2023 following a surge in sales of cancer medicines.
Stock decliners:
AMC Entertainment Holdings Inc.’s stock
AMC,
fell 14% after the movie-theater chain and meme-stock darling filed for an “at the market” sale of up to $350 million in common shares. In its third-quarter results on Wednesday, AMC swung to profit and reported positive net income for the second straight quarter.
Shares of Topgolf Callaway Brands Corp.
MODG,
slid more than 16% after the golf-equipment and entertainment company cut its full-year sales and profit outlook.
Allbirds Inc.’s stock
BIRD,
tanked more than 16% as the footwear and apparel maker reported a drop of more than 20% in its quarterly revenue, due in part to lower prices and more promotions, and said it expects to post lower sales in the current quarter.
Shares in BILL Holdings Inc.
BILL,
plunged more than 8% following a report from Bloomberg that the fintech company is closing in on a deal to buy Melio Payments for $1.95 billion.
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