Oracle — The cloud infrastructure giant saw a notable increase of 5% in its stock price following a report from CBS News. The report, citing sources, indicated that Oracle is part of a consortium of firms poised to help TikTok maintain its operations in the U.S. if a framework deal is successfully negotiated between the U.S. and China.
Dave & Buster’s Entertainment — In contrast, the entertainment company faced a significant setback as its second-quarter earnings fell short of expectations. This disappointing performance led to a nearly 16% drop in shares. The adjusted earnings were reported at 40 cents per share, which was below the anticipated 91 cents from analysts surveyed by FactSet. Additionally, revenue reached $557.4 million, falling short of the $562.8 million consensus estimate.
Novo Nordisk — Shares of Novo Nordisk climbed 3% after the company announced promising results for its experimental weight-loss drug, Cagrilintide. The once-weekly injection reportedly helped patients achieve an impressive weight reduction of 11.8% over a span of 68 weeks.
Chipotle Mexican Grill — The popular Mexican fast-casual chain experienced a 2% increase in its stock price after it authorized an additional $500 million for share repurchases. This new authorization brings the total available for repurchases to approximately $750 million as of September 15.
Adtran — On the other hand, shares of Adtran plummeted more than 8% following the announcement of a $150 million offering of convertible senior notes. This news raised concerns among investors regarding the company’s financial strategy.
Nvidia — The chipmaker’s stock edged down by 0.3% after a report from Reuters highlighted a lukewarm reception for its RTX6000D chip, specifically designed for the Chinese market. Some tech companies have reportedly opted not to place orders, and Beijing has accused Nvidia of breaching its antimonopoly laws.
Rocket Lab — Shares of the rocket company fell nearly 4% in premarket trading after it disclosed plans to sell up to $500 million worth of common stock, raising questions about its future funding strategies.
Oscar Health — Oscar Health announced that it priced an upsized $355 million in convertible senior subordinated notes during a private offering, which resulted in a 4% decline in its stock price.
Denny’s — In a more positive light, the American diner chain saw a 1.5% increase in its shares after JCP Investment Management and Jumana Capital filed to acquire an initial 9.4% stake, signaling their intent to engage in discussions with Denny’s management.
ArcBest — Finally, the logistics company ArcBest experienced a 1% rise in its stock price after increasing its share repurchase authorization to a total of $125 million.
— Reporting contributed by CNBC’s Sean Conlon, Michelle Fox, Lisa Han, Alex Harring, Yun Li, and Pia Singh.
