Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Warner Bros. Discovery (WBD) stocks jumped after Paramount Skydance Corp. made enhancements to its hostile offer for Warner Bros. Discovery Inc., addressing some of the company’s concerns in an effort to thwart a rival deal with Netflix Inc.
- Spotify (SPOT) shares jumped the most in nearly eight years after the Swedish music streaming giant added a record number of users last quarter, far surpassing analysts’ expectations.
The world’s biggest streaming service added 38 million new listeners from October through December to reach 751 million, according to a statement Tuesday.
- Robinhood (HOOD) shares are down ahead of their earnings release after the closing bell. Analysts expect the Menlo Park, California-based company to report quarterly earnings at 63 cents per share, down from $1.01 per share in the year-ago period. The consensus estimate for Robinhood's quarterly revenue is $1.34 billion, versus $1.01 billion a year earlier, according to data from Benzinga Pro.
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