Comcast to Spin Off NBCUniversal; Rocket Lab to But Iridium; Chip Stocks Rebound
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- Shares of Comcast Corp. (CMCSA) move higher after the company said it plans to separate its media businesses from its cable-TV and internet operations, spinning off NBCUniversal and Sky into a new publicly traded company in a bid to increase value. Comcast shareholders will have stakes in both companies, the company said in a statement on Monday. The separation is expected to take place in a year, and requires board and regulatory approvals- Shares of Rocket Lab (RKLB) rallied after the company announced…
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