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Target Falls, Palo Alto Networks Drops, Take-Two Interactive Lower on Stock Sale Plan

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Manage episode 484031960 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

On this episode of Stock Movers:

- Target (TGT) shares fall after the company cut its sales forecast due to a sharp pullback in spending, tariffs, boycotts, and consumer confidence, with net sales expected to decline by a low single digit this year.

- Palo Alto Networks (PANW) shares drop after the infrastructure software company reported its fiscal third-quarter results and gave an outlook that failed to fully ease growth concerns. However, analysts remain broadly positive on its long-term potential.
- Take-Two Interactive (TTWO) shares are lower after the company announced plans to sell $1 billion of new stock to investors. The New York-based video-game maker plans to use the proceeds for general corporate purposes, including repayment of debt and future acquisitions, according to a statement Tuesday. The company declined to comment further on the sale.

See omnystudio.com/listener for privacy information.

  continue reading

302 episodes

Artwork
iconShare
 
Manage episode 484031960 series 3654950
Content provided by iHeartPodcasts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by iHeartPodcasts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

On this episode of Stock Movers:

- Target (TGT) shares fall after the company cut its sales forecast due to a sharp pullback in spending, tariffs, boycotts, and consumer confidence, with net sales expected to decline by a low single digit this year.

- Palo Alto Networks (PANW) shares drop after the infrastructure software company reported its fiscal third-quarter results and gave an outlook that failed to fully ease growth concerns. However, analysts remain broadly positive on its long-term potential.
- Take-Two Interactive (TTWO) shares are lower after the company announced plans to sell $1 billion of new stock to investors. The New York-based video-game maker plans to use the proceeds for general corporate purposes, including repayment of debt and future acquisitions, according to a statement Tuesday. The company declined to comment further on the sale.

See omnystudio.com/listener for privacy information.

  continue reading

302 episodes

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