Oracle stock slumps, Apple shares steady and other stocks on the move

Apple stock AAPL, +0.66% inched 0.1% higher ahead of the presentation of its new iPhone. The stock has dropped 5% over the last five sessions on China concerns.

Shares of convenience-store chain Casey’s General Stores Inc. CASY, -1.02% were up 4% after its first-quarter per-share profit and same-store sales inside its retail locations topped Wall Street’s estimates. WestRock WRK, -1.48% stock jumped 8% to $36.84, after agreeing to merge with Smurfit SKG, -9.26% in a deal the companies say is valued at $43.51 per WestRock share. The terms call for the Irish acquirer to hold 50.4% of the combined company. The bid is one Smurfit share plus $5 in cash for each WestRock share.Oracle Corp. shares ORCL, +0.31% dropped 9% after the cloud database company’s issued revenue outlook fell below Wall Street expectations.

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These Stocks Are Moving the Most Today: Oracle, Apple, Tesla, WestRock, Acelyrin, and MoreOracle's revenue outlook disappoints, Apple kicks off its annual fall launch event, Tesla falls a day after surging 10%, and WestRock signs an agreement to...
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Packaging giant Smurfit Kappa's shares fall 11% after WestRock merger announcementThe companies will form Smurfit WestRock — set to be one of the largest packaging companies in the world.
Fonte: nbcchicago - 🏆 545. / 51 Consulte Mais informação »