Alphabet Rises while Chipotle Sinks; Metsera Acquisition Proposal
On this episode of Stock Movers:
- Alphabet (GOOG) shares are higher after reporting earnings yesterday. The Google parent reported third-quarter results that beat expectations. Analysts are especially positive on its cloud-computing business.
- Chipotle (CMG) is diving in the premarket as it cut its full-year outlook for a third time this year as diners pulled back from eating out at the fast-casual chain. The company now sees sales for the full year slipping in the low-single digit range from a year earlier, and Chief Executive Officer Scott Boatwright said “The consumer slowdown is really affecting our business in a meaningful way."
- Metsera (MTSR) shares are moving on news it received an unsolicited proposal from Novo Nordisk to acquire Metsera, valuing the company at up to $77.75 per share, a total of approximately $9 billion, deeming the proposal as “superior.”
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