Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Dollar Tree (DLTR) shares are lower as the retailer’s guidance for the third quarter and full year proves underwhelming after the stock’s 38% advance since its 1Q results on May 28. The S&P 500 Index was up 2.1% for the same period.
- Meta (META) shares are moving after it agreed to pay up to $18 billion in landmark settlements to resolve social media claims from US states that would require the company to make major changes to how it operates platforms like Facebook and Instagram. The agreement requires Meta to put new guardrails on its platforms, including restricting how much time youths can scroll and preventing them from switching off certain safety settings without parental consent.
- Wendy's (WEN) shares are plunging after Reuters reported that Nelson Peltz’s Trian Fund Management has no plans to make a bid at this time to take the fast-food chain private.
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