Stock Movers

Today's biggest winners and losers in the stock market, a look at the notable movers:

On this episode of Stock Movers:
- The meme-stock crowd is rallying behind another beaten up American icon — Wendy’s (WEN) the fast-food chain known for the Frosty, Dave’s Triple burger and the Biggie Deal. The company’s shares, which had been on a steady downward slide for the past three years, surged as much as 42% on Wednesday, triggering a volatility halt, before paring the gain. It was the biggest jump since March 2020, when it joined other stocks in rebounding from the crash caused by the onset of the pandemic.

-Hertz Global (HTZ) is taking an unusual approach to issuing debt: concurrently serving up shares that are designed to be shorted. The company announced Wednesday that it planned to offer $100 million of stock alongside a $300 million offering of convertible payment-in-kind notes. The shares will be borrowed by JPMorgan Securities, which is one of the stock offering underwriters and also one of the banks arranging the notes. The flurry of announcements sent Hertz shares plunging as much as 33%

- Absci (ABSI) shares jump as much as 46%, the most intraday since 2022, after positive Phase 1 data from the firm’s HEADLINE trial of its experimental drug to treat androgenetic alopecia, a common form of hair loss. The company also reported a $100 million offering which included contributions from Eli Lilly.
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On this episode of Stock Movers:
- Micron (MU) shares rise on Wednesday ahead of the semiconductor company’s fiscal third-quarter earnings report. Wall Street maintains high expectations for the memory manufacturer, with analysts tracking consensus projections for fiscal third-quarter earnings at $20.76 per share.
- Take Two Interactive Software (TTWO) will sell the standard version of Grand Theft Auto VI at $80. Grand Theft Auto VI will be out Nov. 19 and pre-sale orders open on Thursday, with a predecessor that has sold more than 230 million copies. Rockstar will also offer a $100 package called the Grand Theft Auto VI: Ultimate Edition that includes the game and exclusive premium content.
- FedEx (FDX) shares slip. FedEx Corp. reported profit that beat Wall Street’s expectations as the courier navigated tumultuous trade policies and rising costs. The company's profit margin for the past quarter declined to 8.4%, below analysts’ expectations, due to "significant headwinds" including shifting global trade policies and the grounding of its MD-11 cargo jet fleet.
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On this episode of Stock Movers:
-Sunrun (RUN) shares rise after the company announced an agreement with Tesla and Renew Home. It will deliver more than 16 gigawatts of flexible energy capacity to hyperscalers and utilities.
-Hertz (HTZ) shares tumbled the most in two years after the car renter warned profit this quarter is trending toward the low end of its expectations and announced offerings of shares and notes.
-Wendy's (WEN) shares surged as much as 42% on Wednesday, triggering a volatility halt, with no news announcement behind the jump. A post on Reddit Inc.'s WallStreetBets, which was later removed, implored its members to "save Wendy's before it's too late."
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Cerebras (CBRS) shares are lower after the company gave an annual sales forecast that disappointed investors. Revenue in 2026 will be $855 million to $865 million, Cerebras said, while analysts projected $824.8 million.
- FedEx (FDX) is dipping after it reported profit that beat Wall Street’s expectations as the courier navigated tumultuous trade policies and rising costs. The company's profit margin for the past quarter declined to 8.4%, below analysts’ expectations, due to "significant headwinds" including shifting global trade policies and the grounding of its MD-11 cargo jet fleet.
- Hertz (HTZ) shares are tumbling after the rental car company reported preliminary second-quarter adjusted corporate Ebitda that missed the average analyst estimate. Additionally, Hertz filed to offer $100 million of stock, lent to JPMorgan via a share lending agreement. The company won’t receive any proceeds from the sale of borrowed shares.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Cerebras (CBRS) shares are lower after the company gave an annual sales forecast that disappointed investors. Revenue in 2026 will be $855 million to $865 million, Cerebras said, while analysts projected $824.8 million.
- FedEx (FDX) is dipping after it reported profit that beat Wall Street’s expectations as the courier navigated tumultuous trade policies and rising costs. The company's profit margin for the past quarter declined to 8.4%, below analysts’ expectations, due to "significant headwinds" including shifting global trade policies and the grounding of its MD-11 cargo jet fleet.
- Wendy's (WEN) is rising after it appointed Steve Cirulis as chief financial officer and chief strategy officer, replacing CFO Ken Cook effective June 23.
- Micron (MU) is up ahead of a key earnings report after today's closing bell. The earnings will be a big test for the AI trade and memory stocks.
See omnystudio.com/listener for privacy information.