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- Stocks with the biggest price movements after the market close: GOOGL, FLUT, NU
Stocks with the biggest price movements after the market close: GOOGL, FLUT, NU
Here are the stocks that made notable moves after the market closed on Tuesday. Alphabet – The tech giant’s shares fell 1.4% after Bloomberg News reported that the Justice Department is considering splitting up Google. Alphabet lost an antitrust case over its search engine last week. Flutter Entertainment – The gaming company’s shares rose more than 10% after a stronger-than-expected second-quarter report. Fanduel’s parent company reported revenue of $3.61 billion, according to LSEG, beating the $3.40 billion expected by analysts. Flutter also raised its full-year forecast. Draftkings – The gaming stock fell 4% after rival Flutter said its Fanduel unit had expanded its top position in the U.S. market. Flutter also said there could be a $50 million gross impact in the second half of the year due to a gaming tax increase in Illinois. Nu Holdings – Shares of the Brazil-based financial company rose about 4% after a stronger-than-expected second quarter. Nu reported adjusted earnings of $563 million on revenue of $2.85 billion. Analysts had expected earnings of $460.3 million on revenue of $2.57 billion, according to FactSet. Mercury Systems – Shares of the aerospace and defense technology company rose nearly 10% after a stronger-than-expected report for its fiscal fourth quarter. Mercury said it had adjusted earnings per share of 23 cents on revenue of $248.6 million. Analysts had expected a loss of 6 cents per share on revenue of $231 million, according to FactSet. Navient – Shares rose 3% after the financial processing company announced a deal to sell its healthcare services business. The deal, with a company called Coding Solutions Acquisition, will net Navient $365 million in cash, the announcement said. Ibotta – The technology stock fell nearly 9% after a wider-than-expected second-quarter loss. Ibotta reported a loss of $1.32 per share, compared to an estimated loss of 85 cents per share, according to LSEG. The company reported revenue of $87.9 million, above the $85.7 million expected.