Here are some of the day’s biggest movers:
Stock gainers:
Shares of Endeavor Group Holdings Inc.
EDR,
surged 21% after private-equity giant Silver Lake said it was considering a plan to take the sports and entertainment company private, right after Endeavor said it was seeking strategic alternatives for itself as investors are not valuing it correctly.
Ford Motor Co. stock
F,
rose 1% as the United Auto Workers said it reached a pay deal with the automaker, which also reports results after the closing bell.
IBM stock
IBM,
rose 1% as the technology giant’s results came in ahead of forecast.
Shares of ServiceNow Inc.
NOW,
jumped 5% after a strong subscription sales quarter.
Stock decliners:
Meta Platforms Inc.
META,
shares fell 3% in pre-market trading after the firm’s CFO warned of slower advertising revenues in the fourth quarter, following the publication of analyst beating results in the third quarter that showed rising digital-advertising revenue.
Arista Networks Inc.‘s stock
ANET,
dropped about 6%, while Nvidia Corp.‘s stock
NVDA,
was down 2%, after Meta came out with a lower capital-spending outlook than analysts had been modeling for next year.
Mattel Inc.‘s stock
MAT,
fell 10% even as the toy maker beat analysts expectations in the third quarter after warning of slower demand during the holiday season.
Whirlpool Corp. shares
WHR,
fell 5% in after-hours trading after the appliances maker beat Wall Street expectations for its third quarter but lowered its per-share earnings guidance for the year.
Shares of Align Technology Inc.
ALGN,
sunk 25% after the Invisalign orthodontics maker posted quarterly earnings that trailed expectations.
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