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Closing Bell: Deckers, SanDisk Rise; Unity Software Falls
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
-Deckers (DECK) ended the day higher after the footwear company raised its net sales guidance and earnings per share outlook for the full fiscal year, beating the average analyst estimate.
-SanDisk (SNDK) shares rose extending a massive rally in the computer hardware and storage company after second-quarter revenue beat expectations. Raymond James analyst upgraded the stock to outperform from market perform.
-Unity Software (U) stocks fell on fears of possible artificial intelligence disruption after Google began to roll out Project Genie. Shares of San Francisco-based Unity sank as much as 28% — the worst one-day drop since 2022. Video game developers Take-Two Interactive Software and CD Projekt SA also saw their stock fall 9.3% and 8.0%, respectively, while online gaming platform Roblox Corp. dropped 15%.
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