CoreWeave Soars, Sonos Rises, Six Flags Jumps
Show notes
Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:
- CoreWeave (CRWV) shares jumped after the company eased fears about its debt-laden business and signaled strong sales growth despite headwinds facing the data center boom. The company projected revenue of $13 billion to $13.3 billion this year and expects to take out another loan soon that will carry an investment-grade rating. CoreWeave reported third-quarter sales of $3.66 billion and a backlog of $132.5 billion at the end of the quarter, with Chief Executive Officer Michael Intrator saying the company is executing the right way and poised to be net income positive in 2028.
- Sonos (SONO) shares are up 7.1% on Wednesday, after the audio equipment company’s results showed strong growth, though analysts also noted a headwind related to high prices for memory chips.
- Six Flags Entertainment (FUN) shares rise as much as 10%, to the highest intraday since Oct. 13, after a series of insider buying transactions. Director Rehan Jaffer, who is a managing member and founder of H Partners Management, reported stock purchases totaling 1.45m FUN shares between Nov. 6 and Nov. 10, for a total value of around $14.9 million
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