Kraft Heinz Lower on Split News; PepsiCo Pops; Klarna IPO
On this episode of Stock Movers:- Kraft Heinz (KHC) shares are down after the company said it will separate into two publicly traded companies in a tax-free spinoff, aiming to simplify operations and boost shareholder value. The transaction is expected to close in the second half of 2026.- PepsiCo (PEP) are among the most active premarket shares and are rising after the Wall Street Journal reported Elliott Investment Management has taken a significant stake to become the consumer giant's top five active investors excluding index funds.- Klarna's shares are set to move as its IPO approaches…
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