Warner Brothers Discovery Rises, IBM Drops, Carvana Jumps on News it Will Join S&P 500
On this episode of Stock Movers:
- Warner Brothers Discovery (WBD) shares rise after President Trump says the proposed Netflix and Warner Bros. deal would “create a big market share” and “could be a problem.”
- IBM (IBM) shares are down after news that the company is buying the data-streaming platform Confluent Inc. for $11 billion including debt, marking one of its largest takeovers yet and a major bet on the kind of enterprise software that artificial intelligence tools need to perform tasks in real time.
- Carvana (CVNA) shares rise following news it will join the S&P 500 Index starting Dec. 22. BofA Global Research raised its price target on the used car retailer citing the S&P Dow Jones Indices announcement.
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