Here are some of the day’s biggest movers:
Stock gainers:
Shares of Endeavor Group Holdings Inc.
EDR,
surged more than 21% in pre-market trading after private-equity giant Silver Lake said it was considering a plan to take the sports and entertainment company private, right after Endeavor said it was seeking strategic alternatives for itself as investors are not valuing it correctly.
Ford Motor Co. stock
F,
rose more than 2% as the United Auto Workers said it reached a pay deal with the automaker, which also reports results after the closing bell.
IBM stock
IBM,
rose 1.8% as the technology giant’s results came in ahead of forecast.
Shares of ServiceNow Inc.
NOW,
jumped more than 5% after a strong subscription sales quarter.
Imax Corp. stock
IMAX,
rose 1.9% in pre-market trades after the high-end movie theater operator reported third-quarter results that beat analysts’ top and bottom line estimates Wednesday.
Stock decliners:
Meta Platforms Inc.
META,
shares fell 2.7% in pre-market trading after the firm’s CFO warned of slower advertising revenues in the fourth quarter, following the publication of analyst beating results in the third quarter that showed rising digital-advertising revenue.
Arista Networks Inc.‘s stock
ANET,
dropped about 4%, while Nvidia Corp.‘s stock
NVDA,
was down 0.4%, after Meta came out with a lower capital-spending outlook than analysts had been modeling for next year.
Mattel Inc.‘s stock
MAT,
fell more than 12% even as the toy maker beat analysts expectations in the third quarter after warning of slower demand during the holiday season.
Whirlpool Corp. shares
WHR,
fell more than 4% in pre-market trading after the appliances maker beat Wall Street expectations for its third quarter but lowered its per-share earnings guidance for the year.
Shares of Align Technology Inc.
ALGN,
sunk more than 22% after the Invisalign orthodontics maker posted quarterly earnings that trailed expectations.
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