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STMicro Plunges, Aston Martin Up, EasyJet Gains
Published 2 months, 4 weeks ago
Description
On this episode of Stock Movers:
- STMicro plunged the most in a year after the chipmaker forecast third-quarter sales that missed analysts’ expectations, dimming hopes for a stronger recovery on the back of artificial intelligence data center demand.
- Aston Martin has struck a deal for £550 million ($736 million) of fresh funds with BlackRock-owned HPS Investment Partners to bolster its liquidity. Shares jumped as much as 9.2%.
- EasyJet shares gain as much as 5.6% despite third-quarter profits falling 70% as it suffers from industry-wide challenges of higher fuel costs and hesitant customers booking later, or holding off.
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