On this episode of Stock Movers:
- Warner Bros. (WBD) shares are moving higher after it rebuffed Paramount Skydance Corp.'s initial takeover approach for being too low, according to people familiar with the matter. Paramount has several options in its pursuit of Warner Bros., including boosting its bid, going directly to shareholders or finding additional backing through a financial partner.
- Estee Lauder (EL) shares are rising as Goldman Sachs analyst Bonnie Herzog raised the recommendation on Estee Lauder Cos. Class A to buy from neutral. The price target is set to $115, implying a 31% increase from last price.
- StubHub (STUB) is rising. It received several bullish initiations after its Sept. 17 IPO, with analysts expecting the company to further leverage its dominant position as it enters the lucrative primary ticketing market, with boosts from advertising as well as large events such as the soccer World Cup in the US in 2026.
- Beyond Meat (BYND) is plummeting this morning after the troubled plant-based protein producer said nearly all creditors had accepted a debt swap that will lead to a substantial dilution of shareholders.
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