On this episode of Stock Movers:
- Ryanair Holdings Plc net income in the first quarter more than doubled, and the budget airline said it will recover most of the fare drop suffered last year. The stock jumped almost 10% at the open, its biggest gain in almost a month. Before today, shares of the carrier were already up 21% this year, while low-cost rivals EasyJet Plc and Wizz Air Holdings have dropped 11% and 27%, respectively.
- Stellantis NV swung to a €2.3 billion ($2.7 billion) net loss in the first half as restructuring expenses, waning sales and the impact of US tariffs hit the struggling automaker. Car shipments fell 6% in the second quarter amid declines in North America and Europe. Stellantis shares fell 3.8% in Milan. The stock is down around 39% this year.
- Covivio shares rise as much as 3.5%, the most in over three months, after the real estate investment trust raised its earnings outlook for the year. Analysts at Citi said the update supports its buy rating on the stock.
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