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Cardinal Health Beats; On Holding Drops; Intel Raises $20 Billion
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Cardinal Health (CAH) forecast adjusted earnings per share for 2027; the guidance beat the average analyst estimate.
- US-listed shares in On Holding (ONON) drop after the Swiss sneaker maker’s second-quarter sales were lower than expected.
- Intel raised $20 billion in an upsized share sale, a third more than it was targeting when it announced the deal Monday morning.The chipmaker priced the offering at $95 per share, according to a company statement. That represents a discount of 6.5% to Friday’s closing price, according to Bloomberg calculations. The share sale drew more than $100 billion in demand, people familiar with the matter said.
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