Revolution Medicines Rises, HPE Soars on Strong Outlook, MGM Resorts Higher

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

• Revolution Medicines (RVMD) shares rallied after the cancer drugmaker reported its experimental pancreatic cancer drug, daraxonrasib, delayed painful symptoms for months and nearly doubled survival.
• Hewlett Packard Enterprise (HPE) gave an outlook for annual sales that topped estimates, citing massive growth in demand for the company’s servers and networking that it expects to continue through next year. The shares soared in extended trading. The shares jumped more than 20% in late trading after closing at $47 in New York. The company’s stock had gained more than 60% just in the past month.
• MGM Resorts (MGM) shares traded higher today after Barry Diller made an offer for the remaining portion of the company that he doesn’t already own, marking the latest pivot for the billionaire media mogul after overhauling IAC Inc. The bid is a 10.6% premium over MGM Resorts’ closing price on Friday and more than 30% higher than its volume-weighted average price over the past 90 days.

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