On this episode of Stock Movers:
- Google (GOOG) shares drop. This is after news that the company is under investigation by European Union antitrust watchdogs over concerns it unfairly demotes some news results in a probe that risks adding to its €9.5 billion ($11 billion) EU fines tally and worsening fraught relations with the Trump administration.
- Walt Disney (DIS) shares fall after the company reported sales that fell short of Wall Street estimates, with revenue for the fourth quarter at $22.5 billion. The company predicts challenges early in the new fiscal year, including expenses tied to the theatrical release of Zootopia 2 and Avatar: Fire and Ash, which will reduce earnings by $400 million.
- Sealed Air (SEE) shares rose the most intraday since March 2020, to trade as high as $44.27 as people with knowledge of the matter say Clayton Dubilier & Rice is exploring a potential acquisition of the Bubble Wrap maker.
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