Listen "General Mills Rises, Oracle Falls, Udemy Downgraded"
Episode Synopsis
On this episode of Stock Movers:- General Mills (GIS) shares rise 1.6% after the food company’s second-quarter results beat Street expectations. A highlight of the report was positive volume growth in the North America Retail segment. The company maintained its annual guidance ranges, despite the beat, given persistent consumer pressures. - Oracle (ORCL) shares are down 5.3% on Wednesday, after the Financial Times reported that Blue Owl Capital will not back a $10 billion deal for the software giant’s next data center. Subsequently, an Oracle spokesperson said that Blue Owl is out of the data center deal, but that it remains on schedule. - Canaccord downgraded Udemy (UDMY) to Hold from Buy with a $7 price target after the company announced a merger with CourseraSee omnystudio.com/listener for privacy information.
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