Top Stock Movers – September 16, 2025

Warner Bros. Discovery (WBD) emerged as the session’s biggest laggard in the S&P 500. The media giant’s stock fell sharply after TD Cowen downgraded it to “hold” from “buy,” warning that recent gains linked to reports of a possible sale to Paramount Skydance (PSKY) could evaporate if the deal collapses.
Dave & Buster’s Entertainment (PLAY) also tumbled after missing quarterly earnings and revenue expectations. The arcade and dining chain cited weaker comparable sales and cautioned that inflation and tariffs may weigh further on results.
In the aerospace sector, Rocket Lab (RKLB) dropped after announcing plans to raise $750 million through a stock offering to strengthen its balance sheet.
On the upside, Novo Nordisk (NVO) advanced following encouraging Phase 3 trial results for a weight-loss therapy that operates differently from existing GLP-1 treatments such as Wegovy.
Steel Dynamics (STLD) also gained ground after issuing a stronger-than-expected forecast, pointing to improved performance across its divisions.
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