Stock Movers

On this episode of Stock Movers:
- American Express (Amex) shares drop. American Express Co. is cutting 5% of its headcount globally as Chief Executive Officer Steve Squeri seeks to keep a lid on the company’s rising costs. The company has been facing consistent pressure to keep and retain its premium card members, and has been refreshing certain cards and adding new perks to do so, which has boosted costs. Amex posted third-quarter earnings that beat estimates, but billed business came in shy of the average estimate, and the company is also facing a $350 million fine due to anti-money-laundering violations.
- Crown Castle (CCI) shares jump. SpaceX is working to secure access to cell towers and has been looking for access to 80,000 cell sites in the U.S. The company's moves are upending wireless stocks.
- Deckers Outdoor (DECK) shares shares slide as much as 8.4%, the most intraday in about a year, after the owner of the UGG and Hoka brands cut its full-year net sales guidance to below consensus. Analysts note that US consumer demand remains challenging.
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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Decker Outdoor (DECK) is tumbling after the footwear company cut its net sales guidance for the full year, which also fell short of the consensus estimate. While the 2027 earnings per share forecast was raised, the company noted the outlook includes a one-time benefit from tariff refunds.

- Kering (KER) shares are slumping after the French luxury-goods company saw further deceleration of third-quarter revenue growth at its key Gucci unit, slower growth in North America as well as persistent weakness in China.

- Forgetn Power (FP) shares are falling the most since its IPO as the manufacturer of electrical equipment used in data centers said CFO Ryan Fiedler stepped down and later clarified that the move was not due to a disagreement.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shares of SpaceX (SPCX) moved higher ahead of Friday open on Wall Street as the company aims to 80,000 cell sites across the US. Sources tell Bloomberg that SpaceX is in talks with at least one major tower operator. The new infrastructure would complement existing Starlink satellites and recently acquired wireless spectrum.
- Shares of Citigroup (C) were little changed in the early session after the bank received approval to launch a wholly-owned securities business in China, ending a nearly five-year journey marked by regulatory friction in both Washington and Beijing. The green light, confirmed by the lender and announced by China’s regulator, came just weeks after Xi Jinping and Donald Trump met in Washington.
- US-listed shares of SK Hynix (SKHY) rallied in premarket trading after the semiconductor company scrapped plans for a potential $10 billion US listing of its Solidigm unit. The move came after facing strong opposition from regulators and shareholders, making SK Hynix the latest firm to pull an IPO while growing investor unease over the artificial intelligence boom rocks markets.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Volvo Car plunged by about 30% to a record low after the Swedish automaker’s chief executive officer said the market for Western-developed cars in China is disappearing fast, prompting it to cut 2,500 more jobs.
- Eni shares rise as much as 3.9% to the highest since 2008 as the energy firm boosted its Enilive pro forma adjusted Ebitda forecast for the full year and said it will return more cash to shareholder
- Shares in Intrum fell to a record low after the Swedish debt collector warned of lower external servicing income this year and said its German business will need a “full restart.”
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Kering SA shares plunged after Gucci sales fell more than expected in the third quarter, as weakness in China set back a years-long turnaround effort.
- L’Oreal gains as much as 5.8% to the highest since June 2024, after the beauty company reported adjusted like-for-like revenue for the third quarter that beat the average analyst estimate.
- Volvo Car AB’s chief executive officer said the market for Western-developed cars in China is disappearing fast, prompting the Swedish automaker to increase job cuts to some 6% of its work force.
See omnystudio.com/listener for privacy information.