Midday movers: Warner Bros. Discovery, Tyson Foods, Sovos Brands and more

Published

August 7, 2023

Investing.com — U.S. stocks rose on Monday, starting the week off on a positive note ahead of a key inflation report due out Thursday.

Here are some of the biggest U.S. stock movers today:

Apple (NASDAQ:) stock fell 2.2% after its disappointing iPhone sales report. Rosenblatt downgraded the tech giant to Buy from Neutral.
Warner Bros. Discovery (NASDAQ:) rose 3%, helped by its role as distributor of the movie “Barbie”, which has raked in over $1 billion in ticket sales worldwide just 17 days after its debut.
Tyson Foods (NYSE:) stock slumped 5.8% after the meat packer missed expectations for third quarter , as customers scaled back on meat purchases in the face of still high inflation.
KKR (NYSE:) stock rose 3% after the private equity firm reported a 23% drop in second quarter , a smaller drop than expected.
Sovos Brands (NASDAQ:) rose 25% after Campbell Soup (NYSE:), down 1.3%, said it would buy the food company for $2.33B.
Berkshire Hathaway (NYSE:) stock rose 3.6% after the Warren Buffett-led conglomerate posted its highest ever quarterly operating profit.
Yellow Corp. (NASDAQ:) stock slumped 14% after the U.S. trucking firm filed for Chapter 11 bankruptcy protection, burdened with a heavy debt load after a series of mergers.
Cinemark (NYSE:) stock rose 2.6% after Morgan Stanley) said the combined revenue boost of the “Barbie” and “Oppenheimer” films could boost the movie chain’s stock by more than 35%. The bank maintains its “overweight” rating.