Stocks making the biggest moves after hours: General Motors, Dave & Buster’s, GE Vernova and more
Check out the companies making headlines in extended trading: General Motors — Shares of the automotive giant popped nearly 3%. General Motors said it would no longer fund robotaxi development by self-driving car company Cruise. GM said it will instead turn its focus on advanced driver assistance systems and autonomous systems in personal vehicles. Dave & Buster’s Entertainment — Shares of the entertainment venue company fell 9%. Dave & Buster’s posted a loss of 84 cents per share on revenue of $453 million in the third quarter. That was worse than the Street’s estimates for a loss of 37 cents per share and $466 million in revenue, per LSEG. CEO Chris Morris is also leaving the company . GE Vernova — The energy equipment company slid 3% after offering full-year revenue guidance for both the 2024 and 2025 fiscal years that was weaker than expected by analysts polled by FactSet. GE Vernova also announced it would initiate a dividend of 25 cents per share and a $6 billion repurchase authorization. Skillsoft — The learning platform jumped 8% after posting $137.2 million in third-quarter revenue, above the consensus forecast of $130 million from analysts surveyed by FactSet. Skillsoft also raised its full-year outlook for revenue. Rocket Pharmaceuticals — The biotechnology company tumbled 7% after announcing a $150 million common stock offering . Morgan Stanley, Leerink Partners and Cantor Fitzgerald are the book-running managers, while LifeSci Capital is the lead manager for the offering. — CNBC’s Darla Mercado contributed reporting.
