Sitio Royalties — Shares rose 15% after the company confirmed its acquisition by Viper Energy, a division of Diamondback Energy, in a deal valued at approximately $4.1 billion, expected to finalize in the third quarter. Viper’s shares increased by 4%, while Diamondback Energy’s rose by 3%.
EchoStar — The telecommunications company saw an 11% drop in its stock after it revealed that it wouldn’t make about $183 million in cash interest payments on certain notes linked to its Dish DBS subsidiary, due to recent concerns from the Federal Communications Commission.
FactSet Research Systems — Shares fell by 5% after the financial data provider announced the appointment of Sanoke Viswanathan as its new CEO, succeeding Phil Snow in early September.
Signet Jewelers — Shares increased by 12% following strong earnings and revenue reports. For the first quarter, Signet’s adjusted earnings were $1.18 per share on revenue of $1.54 billion, exceeding the FactSet consensus estimates of $1.00 per share and $1.52 billion in revenue.
Dollar General — The discount retailer’s shares jumped 16% after it raised its full-year forecasts, stating that its updated guidance assumes current tariff rates will persist until mid-August. The company also posted solid first-quarter earnings of $1.78 per share on $10.44 billion in revenue, outpacing analysts’ expectations of $1.48 in earnings per share and $10.31 billion in revenue, according to LSEG.
Hims & Hers Health — Shares declined by 4% after the telehealth platform announced its acquisition of the European company Zava, which will increase its active customer base by roughly 50%.
Constellation Energy — The energy firm finished slightly down after Meta Platforms announced a 20-year agreement to purchase nuclear power from Constellation, acquiring about 1.1 gigawatts from its Clinton Clean Energy facility in Illinois starting in 2027.
Bumble — The dating app’s stock dropped 6% following a downgrade from JPMorgan, which lowered its rating to underweight from neutral, citing Bumble’s loss of market share to Hinge.
Pinterest — Shares grew by 4% after JPMorgan upgraded the social media platform to overweight from neutral, noting that Pinterest has improved its monetization strategies and user acquisition.
Credo Technology — Shares surged 15% after the high-speed connectivity firm announced stronger-than-anticipated demand from hyperscalers, projecting fiscal first-quarter revenue between $185 million and $195 million, surpassing the $162.4 million forecast by FactSet analysts.
Block — The fintech company’s stock increased by 3% following an upgrade from Evercore ISI to outperform from in line, with the firm expressing optimism after discussions with Block’s management about potential funding options across its lending portfolio.
Parsons — Shares rose 7% even after the defense technology company reduced its fiscal 2025 revenue outlook, attributing this change to a reorganization within the State Department that has led to increased uncertainty concerning a confidential contract.
— Contributions from CNBC’s Michelle Fox, Alex Harring, and Pia Singh.
