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QVC Files Bankruptcy; Ally Financial Shares Gain; JetBlue Rises
Published 2 weeks, 1 day ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Television shopping network QVC Group (QVC) filed for bankruptcy Thursday as part of a plan to cut more than $5 billion of debt, as declining viewership and a shift to online retail weighed on sales and squeezed margins.
- Ally Financial (ALLY) shares are up after the auto loans company reported adjusted EPS that beat estimates, fueled by consumers purchasing more cars even as gas prices rose.
- JetBlue (JBLU) shares advance after Seaport Global Securities upgraded the airline to buy from neutral, highlighting the benefits to Spirit Aviation being at risk of liquidation.
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