Kering Rises, Volvo Surges, STMicro Drops
On this episode of Stock Movers:
- Kering extended its rally, with shares hitting their highest level since April 2024, after the luxury-goods maker reported better-than-expected third-quarter revenue
- Volvo Car shares surged after the automaker reported better-than-expected profit in the third quarter, benefiting from its 18 billion-kronor ($1.9 billion) cost-saving program.
- STMicro shares dropped after the chip-maker forecast Q4 sales below consensus estimates, showing a cyclical recovery in the automotive and industrial chip sector is struggling to take hold.
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