Netflix shares surge as streaming site hikes prices, while Tesla's stock slumps after Musk's comments

By MarketWatch

Here are some of the most notable stock movers in Thursday's trading action:

Stock gainers:

Netflix Inc. shares (NFLX) rallied more than 16% after the streaming giant announced a spike in subscribers and hiked prices on some plans, effective immediately

AT&T Inc.'s stock (T) rose more than 7% after the telecommunications giant topped free-cash-flow expectations for its latest quarter and upped its full-year forecast for the closely watched metric.

Las Vegas Sands Corp. shares (LVS) rose more than 4% after the casino resort operator announced a $2 billion stock-buyback plan.

Stock decliners:

Tesla Inc. shares (TSLA) fell more than 9% after Chief Executive Elon Musk tempered expectations for the EV maker's anticipated Cybertruck.

Genuine Parts Co.'s stock (GPC) fell more than 10% after missing third-quarter sales estimates.

Shares of Lam Research Corp. (LRCX) dropped more than 5% after the firm that supplies the semiconductor industry reported a drop in adjusted earnings.

VMWare shares (VMW) fell almost 10% after the Financial Times reported that China may delay regulatory approval of its planned acquisition by Broadcom (AVGO).

Shares of Zions Bancorp. (ZION) were more than 5% lower after the regional bank's net interest income fell short of Wall Street expectations.

-MarketWatch

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10-19-23 1405ET

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