Pennon Falls, Porsche's New Model, BE Semi Drops | Stock Movers
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Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Pennon shares fall as much as 17%, the most in over five years, after the UK water utility announced a £550m rights issue and rebased its dividend to fund a larger investment program. - Porsche plans to increase prices of its top-end sportscars by an average of 20%, including the introduction of a new model that will sit above the longtime flagship 911 in the lineup, as it seeks to revive flagging profits. - BE Semiconductor shares drop as much as 6.3% after UBS downgraded the stock to sell from buy, citing a slower adoption of hybrid bonding among memory chipmakers due to a supply crunch. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street. Check out more episodes of Stock Movers: https://www.youtube.com/playli
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