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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- QinetiQ shares jump as much as 11%, the biggest daily rise in over a year, after earnings showed a profit beat and a buyback initiative. The British defence tech firm’s stock has now erased losses for the year. Analysts welcomed QinetiQ assessing the strategic fit of its US business and the £200m of share buybacks.
- EasyJet shares erase initial losses and gain as much 1.1% after the low-cost airline reported a wider headline pretax loss than expected in the first half, although within the firm’s guided range. The stock had been weak leading into the print, having hit a 2023 low earlier this week.
- Generali shares rose as much as 2.9%, the best performer on the Stoxx 600 Insurance Index, after the Italian insurer reported what analysts say are strong 1Q earnings. Shares are now 7.4% higher YTD.
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