Wendy's Falls on No Buyout Bid; Meta Moves on Settlement | Stock Movers
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…
On this episode of Stock Movers, Dollar Tree (DLTR) shares are experiencing a decline as the retailer's guidance for the upcoming fiscal quarters falls short of expectations. Despite a 38% increase in the company's stock since its first quarter results on May 28, investors are less than impressed. Over the same period, the S&P 500 Index has managed to rise by 2.1%.
Meta Platforms (META) shares are also making headlines today, after the company reached an agreement to pay up to $18 billion in landmark settlements to resolve claims from US states. The settlement requires Meta to implement new regulations on its social media platforms, such as restricting the amount of time youths can spend scrolling and preventing them from disabling certain safety settings without parental consent.
Wendy's (WEN) shares are taking a hit today as Reuters reported that Nelson Peltz's Trian Fund Management has no intentions to pursue a bid to take the fast-food chain private at this time.
Written by urgent.news from Bloomberg's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
