Tuesday, April 16, 2024
HomeFinanceOracle stock slumps, Apple shares steady and other stocks on the move

Oracle stock slumps, Apple shares steady and other stocks on the move


Here are some of the day’s biggest movers:

Stock gainers:

Apple stock
AAPL,
+0.66%

inched 0.1% higher ahead of the presentation of its new iPhone. The stock has dropped 5% over the last five sessions on China concerns.

Shares of convenience-store chain Casey’s General Stores Inc. 
CASY,
-1.02%

 were up 4% after its first-quarter per-share profit and same-store sales inside its retail locations topped Wall Street’s estimates.

WestRock
WRK,
-1.48%

stock jumped 8% to $36.84, after agreeing to merge with Smurfit
SKG,
-9.32%

in a deal the companies say is valued at $43.51 per WestRock share. The terms call for the Irish acquirer to hold 50.4% of the combined company. The bid is one Smurfit share plus $5 in cash for each WestRock share.

Stock decliners:

Oracle Corp. shares
ORCL,
+0.31%

dropped 9% after the cloud database company’s issued revenue outlook fell below Wall Street expectations.



This story originally appeared on Marketwatch

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