AMC shares slide on $350 million stock offer while Walt Disney’s stock jumps on spike in streaming customers

Shares of Virgin Galactic Holdings Inc.
SPCE,
+22.23%
soared more than 27% after the space-tourism company narrowed its quarterly loss, more than doubled its revenue and said it expects to beat analysts’ expectations in the fourth quarter.

Shares in AstraZeneca PLC
AZN,
+1.62%
increased 2% after the Anglo-Swedish drugmaker upped its earnings forecast for 2023 following a surge in sales of cancer medicines.

Stock decliners:

AMC Entertainment Holdings Inc.’s stock
AMC,
-14.17%
fell 14% after the movie-theater chain and meme-stock darling filed for an “at the market” sale of up to $350 million in common shares. In its third-quarter results on Wednesday, AMC swung to profit and reported positive net income for the second straight quarter.

Shares of Topgolf Callaway Brands Corp.
MODG,
-14.78%
slid more than 16% after the golf-equipment and entertainment company cut its full-year sales and profit outlook. 

Allbirds Inc.’s stock
BIRD,
-23.67%
tanked more than 16% as the footwear and apparel maker reported a drop of more than 20% in its quarterly revenue, due in part to lower prices and more promotions, and said it expects to post lower sales in the current quarter.

Shares in BILL Holdings Inc.
BILL,
-8.26%
plunged more than 8% following a report from Bloomberg that the fintech company is closing in on a deal to buy Melio Payments for $1.95 billion.