On this episode of Stock Movers:
- Paramount Skydance (PSKY) shares drop. According to the Wall Street Journal, California Attorney General Rob Bonta's office cancelled a planned meeting with Paramount Chief Executive David Ellison to discuss settling a lawsuit over the company's purchase of Warner Bros. Discovery.
- Ulta (ULTA) shares rise ahead of second quarter earnings. According to Bloomberg Intelligence: Ulta Beauty's fiscal 2Q revenue growth likely exceeded the 5% average implied for 2Q-4Q by full-year guidance, supported by about two months of incremental Space NK revenue before it laps the the July 2025 acquisition.
- Sandisk (SNDK) shares fall. Shares of companies involved in artificial intelligence infrastructure are falling in the latest example of heavy volatility in the group. Investors debate whether the group’s year-to-date strength has outpaced a positive fundamental backdrop.
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