Morning Movers: AT&T rises and Coca-Cola falls following quarterly reports

Check out this morning’s top movers from around Wall Street, compiled by The Fly.

HIGHER –

• Magnite (MGNI) up 7% after the company and Disney (DIS) announced a two-year deal extension

UP AFTER EARNINGS –

• WPP (WPP) up 4%
• AT&T (T) up 2%
• Amphenol (APH) up 2%
• Stride (LRN) up 26%

DOWN AFTER EARNINGS –

• Vertiv Holdings (VRT) down 7%
• Coca-Cola (KO) down 2%
• Thermo Fisher (TMO) down 2%
• Hilton (HLT) down 2%
• Boeing (BA) down 1%
• General Dynamics (GD) down 1%
• GE Vernova (GEV) down 1%

LOWER –

• Alto Neuroscience (ANRO) down 62% after announcing its study of ALTO-100 in patients with major depressive disorder did not meet its primary endpoint
• Starbucks (SBUX) down 4% after the company pre-announced fiscal Q4 results that were worse than expected and suspended FY25 guidance
• McDonald’s (MCD) down 7% after the CDC announced that it is investigating an E.Coli outbreak linked to the company’s Quarter Pounder hamburger

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Read More on T:

• AT&T seeing ‘better than expected returns’ on fiber investments
• AT&T expects higher capital investment in Q4
• AT&T says targeting net debt to adjusted EBITDA in 2.5x range in 1H25
• Options Volatility and Implied Earnings Moves Today, October 23, 2024
• AT&T backs FY24 adjusted EPS view $2.15-$2.25, consensus $2.20

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