On this episode of Stock Movers:
- Disney (DIS) said Jimmy Kimmel Live! will return to the air on Tuesday, ending a suspension imposed following controversial remarks the ABC late-night host made about the assassination of Republican activist Charlie Kirk. “We have spent the last days having thoughtful conversations with Jimmy, and after those conversations, we reached the decision to return the show on Tuesday,” Disney said in a statement. The stock fell as much as two percent in the session, but ended up in the red.
- Oracle (ORCL) accelerated its succession plans for top leadership in recent months following a massive acceleration in its cloud business and stock market rally. In June, the software giant promoted two executives — Clay Magouyrk and Mike Sicilia — to president. At that time, the plan was to eventually elevate those leaders into co-CEO roles in a year or two, according to a person who asked not to be named discussing internal plans. The shares gained 6.3% to $328.15 at the close Monday in New York and have jumped 97% this year.
- Lennar (LEN) shares fell after Raymond James analyst Buck Horne cut the recommendation on the homebuilder to underperform from market perform following its quarterly report. He is now the lone bearish voice on the stock, according to data compiled by Bloomberg.
See omnystudio.com/listener for privacy information.
