Biggest stock movers today: Vista Outdoor, BioNTech, Lululemon, Manchester United and more
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Stock futures ticked up on Monday as market participants prepare for earnings season, with a focus on tech companies Tesla and Netflix amid the Middle East crisis.
Here are some of Monday's biggest stock movers:
Biggest stock gainers

E2open (NYSE:ETWO) witnessed a 26% increase in its share price following reports that activist Elliott Investment Management is considering a takeover offer. The fund confirmed a 13.8% stake in E2open in a 13D filing.

Charles Schwab (NYSE:SCHW) rose over 4% after the company topped profit expectations in Q3. CEO Walt Bettinger highlighted that the company is focusing on enhancing its modern wealth platform and has identified opportunities for increased efficiency, including capturing deal expense synergies, streamlining operational design, aligning geographic footprints with a hybrid workforce, and harnessing automation benefits. Once fully implemented, these actions are expected to deliver at least $1B in incremental annual expense savings.
Lululemon Athletica (NASDAQ:LULU) shares surged 6% with the company set to join the S&P 500 index, effective Oct. 18. The sportswear brand company is replacing video game developer Activision Blizzard (ATVI) after Microsoft's (MSFT) $69B acquisition of Activision Blizzard became official on Friday.
Riot Platforms (NASDAQ:RIOT) gained over 5%, alongside other cryptocurrency-related stocks. The advance followed a 3.5% increase in the price of Bitcoin (BTC-USD), which reached around $28,000, following the SEC's decision on Friday not to file an appeal in response to a recent Grayscale judgment. Notably, MicroStrategy (MSTR) +3.4%, Marathon Digital (MARA) rose by ~5%, Hive Digital (HIVE) +6%, HUT 8 Mining (HUT) increased by 10%, Bitfarms (BITF) 5% gain, and CleanSpark (CLSK) +6%.

Biggest stock losers

Shares of Vista Outdoor (NYSE:VSTO) plummeted 17% after the company agreed to sell its sporting products business to Czechoslovak Group a.s. for an enterprise value of $1.91B in an all-cash transaction. The transaction will separate the outdoor products business from the sporting products business, and CSG will merge one of its subsidiaries with Vista Outdoor. The transaction is expected to close in 2024.
BioNTech's (NASDAQ:BNTX) stock fell 8% after the company announced potential write-downs of up to â¬900M in Q3 related to its COVID vaccine, Comirnaty. The majority of the write-offs are related to raw materials and COVID-19 vaccine doses. BioNTech is expected to recognize the impact of Pfizer's Q3 inventory write-offs and vaccine-related charges of up to â¬0.9B, which represents half of BioNTech's gross profit-sharing agreement with Pfizer, reducing its revenues for 2023.
Shares of Manchester United (NYSE:MANU) plunged more than 9% after the Qatari group bidding for famed soccer club Manchester United withdrew its offer of more than Â£5B ($6.1B), leaving British billionaire Jim Ratcliffe as the sole remaining bidder for the team.


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