On this edition of Stock Movers:
- NIQ Global Intelligence (NIQ) shares slumped 3.6% after the company raised $1.05 billion in an initial public offering. Shares of the consumer intelligence data firm opened at $20.25 each on Wednesday as of 12:43 p.m. in New York, versus an IPO price of $21 apiece. The offering of 50 million shares was marketed in a range of $20 to $24 each. The trading gives the former consumer intelligence unit of Nielsen Holdings a market value of nearly $6 billion based on the outstanding shares listed in its filings.
- Baker Hughes (BKR) shares stock surged after the company reported second quarter earnings that beat consensus estimates.
- Otis Worldwide (OTIS) shares are down today as the elevator manufacturer cut its forecast for full-year sales and free cash flow after second quarter sales missed expectations. “We did not expect the company to reduce operational guidance by this much,” JPMorgan analyst Steve Tusa writes. Second-quarter sales disappointed, hurt by a decrease in new equipment sales in China and the Americas. New equipment sales in the quarter fell 10% from the year-ago period, hurt by China and the Americas; new equipment sales were down more than 20% in China.
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