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SAP Lower, Applied Nutrition Gains, Ambu Drops
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shares in SAP and European software firms are lower after weaker than expected forecasts from US software players such as Intuit and Zoom.
- Applied Nutrition shares rise as much as 9%, taking them close to a record high, after the supplements producer upgraded its profit guidance. Analysts from Berenberg said this was the result of 50% revenue growth and Panmure Liberum said the company has “exceptional” trading momentum.
- Ambu reported in-line sales in the third quarter, but adjusted Ebit was a 19.5% miss on an ex-tariff refunds basis, and may see the Danish health-care equipment company’s shares down mid to high single digits on Wednesday, JPMorgan writes.
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