On this episode of Stock Movers:
- AJ Bell shares jump as much as 10%, the most in a year, after the investment platform beat expectations in the first half and said annual results should come in above guidance. Shares are now trading at their highest level since December.
- Games Workshop shares fall as much as 4.1%, slipping further from a recent record high, after the maker of the Warhammer tabletop game gave a trading update, with analysts pointing to a sparser games release slate for next year and several headwinds, including tariffs.
- Hexagon AB is considering a multibillion-dollar sale of its computer-aided engineering simulation software business, people familiar with the matter said, as part of the Swedish firm’s efforts to streamline its operations.

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On this episode of Stock Movers:

- Hinge Health (HNGE) shares rose 17% after the digital physical therapy provider and a group of investors raised $437 million in an initial public offering priced at the top of a marketed range. Shares in the San Francisco-based company closed at $37.56 each on Thursday in New York, versus the IPO price of $32 apiece. The level at the close gives Hinge Health a market value of about $2.9 billion based on the outstanding shares listed in its filings, not including preferred stock that could convert to common shares. It has a fully diluted value of about $3.4 billion when taking employee options and restricted share units into account.

- MNTN Inc. (MNTN) shares climbed 65% after the company and some of its shareholders raised $187 million in an initial public offering. Shares in the Austin-based company closed at $26.36 each on Thursday in New York, above the IPO price of $16 per share, the top of the marketed range. Trading was briefly halted for volatility after the open. The trading gives MNTN a market value of $2 billion based on the outstanding shares listed in its filings. Accounting for employee stock options and restricted stock units, the company has a fully diluted value of about $2.7 billion.

- United Airlines (UAL) shares are up after Chief Executive Officer Scott Kirby told shareholders that the carrier is seeing “at least a stable revenue and booking environment” heading into the Memorial Day weekend and start of the summer travel season. Kirby’s comments at the airline’s annual shareholder meeting excluded the impact of flight disruptions and air traffic control problems at the airline’s hub in Newark.

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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, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec.

• Palantir (PLTR) shares were higher on reports it got a boost to an existing defense contract the AI firm already has with the US government.
• Advance Auto Parts (AAP) shares soared as high as 44%, a record intraday gain after the auto-parts retailer reported comparable sales that fell less than expected in the first quarter.
• Urban Outfitters (URBN) saw shares rise over 20% in trading, marking its biggest intraday rise since November of 2020 after the apparel retailer reported net sales for the first quarter that beat the average analyst estimate.

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On this episode of Stock Movers:
- Sunrun (RUN) shares drop. Investors of clean-power stocks are running for the exits after a massive tax and spending bill that would gut former President Joe Biden’s landmark climate law narrowly passed the House of Representatives.
- Hims & Hers (HIMS) slump after Cigna said its drug benefit unit will cap out-of-pocket costs for weight-loss drugs at $200 a month for patients — posing a cheaper cash-pay alternative to the telehealth’s offerings.
- Williams-Sonoma (WSM) shares slump as Wall Street questioned the home furnishing retailer’s reaffirmed full-year net revenue guidance given its significant first-quarter beat. Bloomberg Intelligence considers the outlook to be conservative, while Evercore says it suggests the quarter benefitted from pre-buys ahead of tariffs.

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On this episode of Stock Movers:
- TD Bank (TD US) shares rise after the firm announced plans to cut its workforce by about 2% as part of a new restructuring plan it initiated in 2Q. It's designed to reduce its cost base and achieve greater efficiency.
- Snowflake (SNOW) shares gain after the software developer forecasted product revenue for the second quarter above the average analyst estimate. That bump, comes despite an uncertain economic environment.
- Galaxy Digital (GLXY) shares rise gained after Bitcoin hit an all-time high. The world’s largest cryptocurrency reached a record price of $111,878 on Thursday amid growing optimism around the US stablecoin bill.

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On this episode of Stock Movers:
- Snowflake (SNOW) shares are higher after giving a strong outlook for quarterly sales, with product revenue expected to increase about 25% to as much as $1.04 billion in the quarter ending in July. The company raised its full-year forecast for product revenue to about $4.33 billion, despite an uncertain economic environment, and its shares gained 9.9% in premarket trading.
- Urban Outfitters (URBN) jumped after the apparel retailer reported net sales for the first quarter that beat the average analyst estimate. Analysts note strength in its namesake UO brand and are positive about the retailer’s margin expansion. Analysts note strength in its namesake UO brand and are positive about the retailer’s margin expansion.
- AT&T (T) shares are on the move this morning on news it agreed to buy the consumer fiber operations of Lumen Technologies Inc. for $5.75 billion, expanding its fast broadband service in major cities. The deal is subject to regulatory approval and is expected to close in the first half of next year, helping AT&T reach its goal of putting its fiber-optic lines within reach of 60 million locations by 2030.

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On this episode of Stock Movers:
- EasyJet said efforts to renew its fleet are being held back by a slow delivery pace of new aircraft as manufacturers continue to face challenges with their supply chain.
- Shares in Manchester United slipped 6.1% in extended trading following the high-stakes game in Bilbao, Spain last night. Tottenham won the game 1-0, meaning Manchester United will not qualify for any European competition next season — which is likely to affect income streams negatively
- BT said earnings this year will be little changed, in line with analysts’ estimates, as the UK telecommunications company faces increasing competition in its home market.

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On this episode of Stock Movers:

- Lowes (LOW) shares slipped even though comparable sales beat expectations during the latest quarter, as shoppers maintained home spending despite weakening consumer sentiment and economic turbulence. The home-improvement retailer said its comparable sales dipped 1.7% in the quarter that ended May 2, but it still expects the key sales metric to be flat to up to 1% in the current year. The comparable sales decrease came amid poor weather in February, along with continued pressure on the retailer’s higher-cost discretionary sales and do-it-yourself business, Chief Executive Officer Marvin Ellison said on the company’s earnings call. The decrease was offset in part by growth in online sales and the firm’s Pro business, which caters to home-improvement contractors.

- Moderna (MRNA) slumped after the biotechnology company said it has “voluntarily” withdrawn its application for regulatory approval for its combination Covid and flu shot for people 50 and over, a setback for the company. Moderna said it made the decision after consulting with the Food and Drug Administration. It plans to resubmit the application later this year after getting more data from a late-stage trial of its standalone flu vaccine, it said in a statement Wednesday. The move is a disruption to Moderna’s broader strategy to boost vaccine demand. It developed the combination shot because it believes that packaging two immunizations together will lead to higher uptake of Covid shots, which are far less popular than flu shots.

- VF Corp. (VFC) shares fell after forecasting a bigger-than-expected loss and warning investors it’s been rushing products to the US to beat the 90-day window of tariff pauses from the Trump administration. The owner of brands such as Timberland and Vans sees an operating loss of as much as $125 million for this quarter. Analysts on average expected a loss of $73.1 million. The company said it’s been accelerating production and shipments to the US during the pause on tariffs, which ends in July. That could increase costs even more for VF and the retailers that buy its products.

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