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Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:
- Rocket Lab (RKLB) shares are up 16% after the space company announced a definitive agreement to acquire Iridium for $54 per share in cash and stock. The transaction combines Rocket Lab’s launch capabilities and satellite manufacturing with Iridium’s global satellite communications network.
-Comcast (CMCSA) shares rise 25% in premarket trading after the company announced its intention to separate into two independent publicly traded companies through a tax-free spin-off of NBCUniversal and Sky.
- Concentrix (CNVC) shares tumble 25% postmarket after the software company slashed its full-year outlook. The firm also forecast reported revenue and adjusted earnings per share for the third quarter that fell short of Wall Street’s expectations.
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