Anasayfa / Ekonomi Haberleri / Penn Entertainment shares surge on ESPN deal and other stocks on the move

Penn Entertainment shares surge on ESPN deal and other stocks on the move

Here are some of the biggest movers of the day:

Stock gainers:

Marqeta Inc.‘s stock
was surging 19% after the company, which makes card-issuing technology, addressed a major investor overhang as it announced a deal renewal with Block Inc.‘s
Cash App.

Take-Two Interactive Inc. shares
rose 3% as ‘Grand Theft Auto V’ approaches its 10th birthday, and high anticipation for the sequel in 2024 had a forgiving effect on the company’s outlook.

Shares of Toast Inc.
were rising 13% after the maker of payment technology for the restaurant industry achieved positive free cash flow for the first time since it went public.

Shares of ride-sharing service Lyft Inc.
rallied initially after the company reported quarterly results, but were down 8% in premarket trade.

Shares of Axon Enterprises Inc.
rallied 10% in the extended session Tuesday after the TASER maker’s earnings topped Wall Street expectations.

Penn Entertainment Inc. shares
were surging 13% after the company reached a deal with Walt Disney Co.’s ESPN to rebrand Penn’s sportsbook as ESPN Bet. Shares of sports-betting rival DraftKings Inc.
were down 6%, and FanDuel owner Flutter Entertainment
which also reported results, slumped in London trade.

Shares of Twilio Inc.
were up 6% after the software company reported revenue and earnings that eclipsed the estimates of Wall Street analysts.

Shares of Duolingo Inc.
were up 7% after the language-learning app reported second-quarter results that beat expectations, helped by a jump in paid subscribers.

Stock decliners:

Super Micro Computers Inc. shares
fell 11% as the AI server maker’s outlook came in light.

Shares of ZipRecruiter Inc.
tumbled 15% after the job-posting site reported quarterly earnings above expectations but said employers are more reluctant to pay for job ads and the number of job openings has dwindled.

Upstart Holdings Inc.
fell short with its third-quarter revenue forecast, and shares of the financial-technology company were declining 18%.

Shares of IAC Inc.
 fell 9% after the media company reported second-quarter results that missed expectations. 

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