SpaceX Slides Amid Tech Selloff; AMC Tumbles on Share Sale | Stock Movers

AI Summary

SpaceX shares continue to slide amid a broader tech selloff, nearing their IPO low price. IBM shares rise on collaboration with OpenAI to enhance AI-driven cyber defense, while AMC shares fall after the company agrees to sell 95.25 million shares to raise about $200 million.

On this episode of Stock Movers with Nathan Hager: - SpaceX (SPCX) is heading towards its fourth day of losses, and is currently above its lowest trading price ($149.34 on its IPO) as it continues to approaching that figure. - IBM (IBM) shares are climbing on news that the company and OpenAI are bringing AI to cyber defense. - AMC Entertainment (AMC) shares are lower after the movie theater operator entered into a definitive agreement with institutional investors to sell 95.25 million shares of its common stock for gross proceeds of around $200 million. (Source: Bloomberg)