Salesforce Falls, Southwest Airlines Rises, Broadcom Up Ahead of Earnings
On this episode of Stock Movers:
- Salesforce shares fall after the company agreed to acquire Informatica for about $8 billion. It’s one of Salesforce’s biggest acquisitions and adds to over $800 billion of North American deals so far in 2025, more than a 23% increase from a year ago.
- Southwest Airlines shares rise after the airline said it will charge $35 for an initial checked bag and $45 for the second starting May 28. This ends one of the long-held policies that had set the carrier apart from rivals in the US industry for decades.
- Broadcom shares rise ahead of its earnings report next week. Its revenue diversity and cash flow boosts its relative value appeal versus its peers in the sector, according to Bloomberg Intelligence’s Robert Schiffman.
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