Netflix Falls, SpaceX Rises, General Motors Drops
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Netflix (NFLX) shares are down 5.7% in extended trading, after the streaming-video company gave a revenue forecast that was weaker than expected, compounding concerns about its growth. - SpaceX (SPCX) shares are up 4.2% in post market trading Tuesday after Elon Musk’s satellite, rocket and artificial intelligence conglomerate reported third-quarter revenue that was better than the average analyst estimate. The beat was driven by substantial growth in its artificial intelligence and satellite internet businesses. - General Motors (GM) shares fell as shareholders focused on a narrower profit outlook due to sliding sales and inflation, despite plans for another $20 billion in stock repurchases. Worsening inflation will add about $400 million in additional costs this year, with a majority coming in the fourth quarter, according to Chief Financial Officer Paul Jacobson. See omnystudio.com/listener for privacy information.