Campbell's Sinks, Sable Offshore Skyrockets, Petco Surges
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Campbell's (CPB) cut its profit outlook to the lowest in a decade as consumers eschew chips and pretzels while supply constraints are weighing on sales of freshly baked goods. Full-year earnings, adjusted for some items, are now seen between $2.15 to $2.25 per share, below the prior range of $2.40 to $2.55, according to a Wednesday statement. That’s set to be the lowest profit since 2009. Shares sunk in trading on Wednesday. - Sable Offshore (SOC) rallied after word that President Donald Trump is…
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