Stock Movers

On this episode of Stock Movers:
- SpaceX (SPCX) shares declined for the first time since its record initial public offering, snapping a three-day rally that had reached nearly 50%. Shares of Elon Musk’s rocket and AI firm fell about 5% after a volatile session that saw the stock initially gain as much as 6% before reversing. The decline dragged SpaceX back below Amazon.com Inc. in value, making it the sixth-largest company in the world with a market capitalization of about $2.5 trillion. Still, the shares are more than 42% above their $135 IPO price.
- CarMax (KMX) shares dropped after same-store sales and used-car profit declined for a fourth straight quarter, raising questions about the durability of its turnaround effort. Shares tumbled as much as 9.4% in New York trading. The stock had gained 35% this year through Tuesday’s close, though it’s still down by two-thirds since its 2021 high.
- Allbirds (BIRD), the maker of once-viral wool sneakers that suddenly announced a pivot to artificial intelligence earlier this year, has officially renamed itself Smartbird Inc. and is tapping the former leader of a Danish AI infrastructure group as its new chief. Nadia Carlsten is taking over as chief executive officer, replacing Joe Vernachio who has resigned from the company and the board of directors. Lily Yan Hughes, who has served as an independent director on the company’s board, was appointed board chair. The company’s shares initially soared on news of the pivot to AI, but the stock has since erased much of those gains.
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On this episode of Stock Movers:
-SpaceX (SPCX) shares drop, erasing a gain that had reached 6% earlier in the session. The decline puts the stock on track to snap a three-day winning streak that had pushed shares nearly 50% above their $135 IPO price.
-CME Group (CME) shares drop. CME Group Inc. Chief Executive Officer Terry Duffy is handing over the reins after more than 25 years at the world’s largest derivatives exchange. Duffy will step down as CEO on March 1 and transition to executive chairman, with Chief Financial Officer Lynne Fitzpatrick taking over as CEO.
-Coinbase (COIN) shares fall after the company announced a redesigned Base app and new products like an AI-powered adviser, private transactions, pre-IPO perpetual futures, options trading and tokenized stocks.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- SpaceX (SPCX) shares are climbing higher yet again. Shares are poised for a fourth straight day of gains, reinforcing the company’s place among the world’s largest after it surpassed Amazon.com by market value.
- La-Z-Boy (LZB) shares are higher after the home furniture store’s reported adjusted earnings per share for the fourth quarter beat the average analyst estimate.
- CarMax (KMX) shares are moving after it reported net sales & operating revenue for the first quarter that beat the average analyst estimate.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- BMW shares fall as much as 12% to their lowest since November 2020 after the German carmaker slashed its profitability forecast and ramped up its cost-cutting program, flagging worsening demand in China and negative sentiment from the war in the Middle East.
- Hapag-Lloyd shares rise as much as 6.1%, before paring the move, following a Manager Magazin report that Mediterranean Shipping Company owner Gianluigi Aponte has enquired with shareholders in the German container shipper about buying a stake.
- AO World Plc is replacing UK call center employees with recruits based in South Africa, as the online household goods retailer hit out at higher taxes and other costs on businesses imposed by the British government.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- BMW shares fall as much as 12% to their lowest since November 2020 after the German carmaker slashed its profitability forecast and ramped up its cost-cutting program, flagging worsening demand in China and negative sentiment from the war in the Middle East.
- Shares in Auto1, the platform for buying and selling used cars, rose after providing long-term financial targets for its Merchant and Retail segments at today’s capital markets event.
- Hays shares rise as much as 7.4%, the most in almost two months, after the recruitment company said it has offloaded operations in six countries and is considering options in a number of other nations. Panmure Liberum said the move is the right thing to do.
See omnystudio.com/listener for privacy information.