Airbnb Jumps, Moderna Gains, Oracle Sinks

Today's biggest winners and losers in the stock market, a look at the notable movers:
On this episode of Stock Movers:

- Airbnb (ABNB) Chief Executive Officer Brian Chesky said his company is back in “growth mode” after it posted the fastest revenue gain in three years. The company now expects full-year revenue to grow in the “high teens” and lifted its full-year margin forecast for adjusted earnings before interest, taxes, depreciation and amortization to about 36%. Airbnb announced a new repurchase authorization of as much as $12 billion more in stock and shares jumped more than 10% in extended trading after the release.

- Moderna (MRNA) boosted its full-year guidance and posted its first quarterly profit since 2024 as Covid vaccine sales rebounded strongly from a year ago. The company is trying to open a new source of growth by refocusing on cancer drug development, with a successful late-stage trial of an mRNA-based skin cancer vaccine with Merck & Co. Moderna anticipates filing a US marketing application for the cancer drug, called intismeran, by the end of the year, which could lead to approval in 2027.

- Oracle (ORCL) shares are falling after a report that Microsoft is pulling back from a deal to lease AI computing power from the company. Microsoft has been switching off the leased capacity over recent months, after deciding not to extend the contract, according to sources. Oracle stock is trading near its 52-week low of $111.66, and is testing lower boundaries.

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