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Major stock movements in after-hours trading: Oracle, Rentokil, Rubrik and others

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Several companies made headlines in after-hours trading, with Oracle leading the way as its shares jumped nearly 9% following the announcement of cloud deals with Google and OpenAI. Despite posting a miss on fiscal fourth-quarter results, Oracle’s stock saw a significant increase. The tech company reported adjusted earnings of $1.63 per share on revenue of $14.29 billion, slightly below analyst expectations of $1.65 per share on $14.55 billion in revenue.

Rubrik, a cloud data management company, also saw its shares rise by 3% after beating first-quarter revenue expectations. The company reported $187 million in revenue for the period, surpassing analyst estimates of $172 million. This positive performance contributed to Rubrik’s stock price increase in after-hours trading.

Rentokil Initial, the parent company of Terminix, saw a nearly 7% jump in its shares after Nelson Peltz’s Trian Partners confirmed its significant position in the pest-control giant. Trian now holds a top-10 shareholder position in the company and seeks to engage with leadership on ideas and initiatives to improve shareholder value. This news had a positive impact on Rentokil Initial’s stock price in after-hours trading.

However, Paramount experienced a decline in its shares during after-hours trading, slipping by 0.4% and extending late-day losses. National Amusements, owned by Paramount’s controlling shareholder Shari Redstone, halted talks with Skydance on a proposed merger with Paramount. CNBC’s David Faber reported that the stock slid about 7.9% during the session, reflecting investor concerns over the failed merger discussions.

Overall, the after-hours trading activity showcased a mix of positive and negative developments for various companies. While Oracle and Rubrik enjoyed stock price increases following strong earnings and new deals, Rentokil Initial benefitted from Trian Partners’ stake in the company. Conversely, Paramount faced challenges with its stock price declining due to failed merger talks. As investors digest this news, the stock market may see continued volatility in the coming days as these companies navigate their respective paths forward.

In conclusion, after-hours trading provides investors with an opportunity to react to news and developments that may impact stock prices outside of regular trading hours. Companies like Oracle, Rubrik, Rentokil Initial, and Paramount can experience significant stock price movements based on their performance and market announcements. As investors monitor these companies, they must stay informed about key events and trends that could influence stock price movements in after-hours trading and beyond. By staying informed and making informed decisions, investors can navigate the stock market with more confidence and potentially capitalize on opportunities presented during after-hours trading sessions.

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