Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- eBay (EBAY) agreed to buy Depop for about $1.2 billion in an effort to attract younger shoppers and stand out in an increasingly cluttered e-commerce market. EBay is acquiring the secondhand marketplace from Etsy Inc., which bought Depop in 2021 for $1.6 billion. Depop, which eBay plans to continue to operate as a separate brand, has about 7 million buyers, 90% of whom are younger than 34, Chief Executive Officer Jamie Iannone said Wednesday in an interview. The acquisition will complement eBay’s fashion business, which generates about $10 billion in annual gross merchandise value, he said. EBay shares rose about 7% in extended trading after closing at $82.18 on Wednesday.
- Moderna (MRNA) saw its shares rise after the US Food and Drug Administration said it would review Moderna's flu shot made with mRNA technology - a reversal of a previous decision. The two sides agreed to move forward with a traditional review of the company’s shot for adults aged 50 to 64, and consider an accelerated approval for those aged 65 and older, the company said in a statement on Wednesday. The revised regulatory approach takes into account the agency’s criticisms that Moderna’s clinical trial wasn’t rigorous enough among the oldest patients when it refused to look at the application earlier.
- Vita Coco (COCO) shares slid the most intraday since May after the coconut water maker detailed several items that cloud visibility in 2026, including increased US promotions, timing shifts, potential price investments, and inventory adjustments.
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