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Closing Bell: Paramount Skydance Higher on Results, RealReal Gains, Nvidia Lower on Softbank Sale

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Manage episode 518957226 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Tim Stenovec and Carol Massar.

On this episode of Stock Movers:

- Paramount Skydance (PSKY) closed 9.77% higher today after the company reported financial results for the first time since a new investor group took over the media company in August. The company raised its cost savings goal to at least $3 billion and said it's planning an additional 1,600-person workforce reduction.

- The RealReal (REAL) shares gained on Tuesday, hitting their highest level since December 2021, after the online marketplace for luxury goods boosted its revenue guidance for the full year to beat the average analyst estimate.

- Nvidia (NVDA) shares ended the day 2.96% lower after SoftBank sold its entire stake in Nvidia for $5.83 billion to help bankroll AI investments. Softbank has sold out of Nvidia once before in 2019, then resumed buying small stakes in Nvidia in 2020.

See omnystudio.com/listener for privacy information.

  continue reading

1198 episodes

Artwork
iconShare
 
Manage episode 518957226 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Tim Stenovec and Carol Massar.

On this episode of Stock Movers:

- Paramount Skydance (PSKY) closed 9.77% higher today after the company reported financial results for the first time since a new investor group took over the media company in August. The company raised its cost savings goal to at least $3 billion and said it's planning an additional 1,600-person workforce reduction.

- The RealReal (REAL) shares gained on Tuesday, hitting their highest level since December 2021, after the online marketplace for luxury goods boosted its revenue guidance for the full year to beat the average analyst estimate.

- Nvidia (NVDA) shares ended the day 2.96% lower after SoftBank sold its entire stake in Nvidia for $5.83 billion to help bankroll AI investments. Softbank has sold out of Nvidia once before in 2019, then resumed buying small stakes in Nvidia in 2020.

See omnystudio.com/listener for privacy information.

  continue reading

1198 episodes

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