Stock Movers

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- eBay (EBAY) agreed to buy Depop for about $1.2 billion in an effort to attract younger shoppers and stand out in an increasingly cluttered e-commerce market. EBay is acquiring the secondhand marketplace from Etsy Inc., which bought Depop in 2021 for $1.6 billion. Depop, which eBay plans to continue to operate as a separate brand, has about 7 million buyers, 90% of whom are younger than 34, Chief Executive Officer Jamie Iannone said Wednesday in an interview. The acquisition will complement eBay’s fashion business, which generates about $10 billion in annual gross merchandise value, he said. EBay shares rose about 7% in extended trading after closing at $82.18 on Wednesday.

- Moderna (MRNA) saw its shares rise after the US Food and Drug Administration said it would review Moderna's flu shot made with mRNA technology - a reversal of a previous decision. The two sides agreed to move forward with a traditional review of the company’s shot for adults aged 50 to 64, and consider an accelerated approval for those aged 65 and older, the company said in a statement on Wednesday. The revised regulatory approach takes into account the agency’s criticisms that Moderna’s clinical trial wasn’t rigorous enough among the oldest patients when it refused to look at the application earlier.

- Vita Coco (COCO) shares slid the most intraday since May after the coconut water maker detailed several items that cloud visibility in 2026, including increased US promotions, timing shifts, potential price investments, and inventory adjustments.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Listen for a roundup of several companies delivering earnings:
- Booking (BKNG) with reported gross bookings for the fourth quarter that beat the average analyst estimate.
- Carvana (CNVA) posted strong profit growth in the fourth quarter that still missed Wall Street’s estimates due to higher-than-expected operating costs. Carvana’s shares fell more than 9% as of 4:06 p.m. in after-hours trading in New York. The stock had gained 23% in the 12 months through Tuesday’s close, more than the S&P 500 Index’s 12% advance.
- DoorDash (DASH) issued an earnings outlook that missed Wall Street’s expectations, with the delivery company warning that winter storms in the US and investments into growth areas will weigh on profits in the near term. Adjusted earnings before interest, taxes, depreciation and amortization for the first quarter will be $675 million to $775 million, the company said in a statement on Wednesday, falling far short of the average analyst estimate of $800.1 million. Shares of San Francisco-based DoorDash fell 7.2% in extended trading after closing at $173.38 in New York. The stock has been down about 23% so far this year.
See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Meta (META) has agreed to deploy “millions” of Nvidia processors over the next few years, tightening an already close relationship between two of the biggest companies in the artificial intelligence industry. Meta, which accounts for about 9% of Nvidia’s revenue, is committing to use more AI processors and networking equipment from the supplier, according to a statement Tuesday. For the first time, it also plans to rely on Nvidia’s Grace central processing units, or CPUs, at the heart of standalone computers. Shares of Meta rose in trading on Wednesday.

- Berkshire Hathaway (BRK/A) slashed its holding in Amazon.com Inc. by more than 75% in the fourth quarter, while also building a stake in the New York Times Co. — Warren Buffett’s last new bet as chief executive officer. The conglomerate acquired 5.1 million shares of the media publishing company in the three months through December, a stake worth $351.7 million at year-end, according to a regulatory filing Tuesday.

- Madison Square Garden Sports (MSGS) shares skyrocketed after the company said its board unanimously approved a plan to explore a possible spin-off that would separate its New York Knicks business from its New York Rangers business, creating two distinct publicly traded companies.
See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Palo Alto (PANW) shares fell the most in two years after the cybersecurity company released a forecast for adjusted earnings that was weaker than anticipated. The company forecast adjusted earnings per share of $3.65 to $3.70 for the year and $78 cents to $80 cents for the third quarter.
- MSG Sports (MSGS) shares rise after news Madison Square Garden Sports Corp.'s board of directors approved a plan to explore spinning off the New York Knicks and New York Rangers to make it easier to attract investors to the teams.
- Wingstop (WING) shares jumped after the company reported domestic same-store sales that contracted less than what was predicted, and better-than-expected earnings, easing fears of a marked slowdown at the chicken chain.
See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Garmin (GRMN) shares rise the most intraday since October 2024, after the consumer electronics maker forecast pro forma EPS for 2026 well above Wall Street estimates.
- MSG Sports (MSGS) shares rise after news Madison Square Garden Sports Corp.'s board of directors approved a plan to explore spinning off the New York Knicks and New York Rangers to make it easier to attract investors to the teams.
- Wingstop (WING) shares jumped after the company reported domestic same-store sales that contracted less than what was predicted, and better-than-expected earnings, easing fears of a marked slowdown at the chicken chain.
See omnystudio.com/listener for privacy information.