Stock Movers: AMC, Disney, Virgin Galactic Rise; Tesla, Becton Dickinson Fall
Walt Disney's stock jumped 7% after reporting strong streaming customer growth and better-than-expected earnings, while Virgin Galactic's shares soared over 27% on narrowing losses and increased revenue. AstraZeneca's stock increased 2% as the drugmaker raised its earnings forecast for 2023. On the other hand, AMC Entertainment's stock fell 14% after filing for a $350 million common share sale, and Topgolf Callaway Brands' shares slid over 16% due to a cut in sales and profit outlook. Allbirds Inc. saw its stock tank over 16% as it reported a drop in quarterly revenue, and BILL Holdings' shares plunged over 8% following reports of a potential acquisition deal.
