"Top Stock Movers: Apple, Block, DraftKings, Paramount, Live Nation, Fortinet"

1 min read
Source: MarketWatch
"Top Stock Movers: Apple, Block, DraftKings, Paramount, Live Nation, Fortinet"
Photo: MarketWatch
TL;DR Summary

Apple's stock dropped 1% as the tech giant reported a revenue decline for the fourth consecutive quarter, primarily due to poor sales in China. Meanwhile, Cardinal Health's shares rallied 8.2% after the drug distributor exceeded profit expectations and raised its full-year outlook. Expedia's stock soared 15.4% after the travel services company authorized a $5 billion stock buyback and reported better-than-expected adjusted profit. Block Inc. saw a 14% surge in shares as the fintech company set ambitious adjusted EBITDA targets for 2024. Additionally, DraftKings and FuboTV experienced stock gains after surpassing analyst estimates in their quarterly results.

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