Walmart Inc. (WMT) saw a 0.8% increase in shares following its announcement of price cuts on key products, including ground beef and Coca-Cola. Meanwhile, Cognizant Technology Solutions Corp. (CTSH) shares surged by 6.2% as the company expanded its collaboration with Google Cloud to enhance enterprise adoption of Gemini AI.
In contrast, Rivian Automotive Inc. (RIVN) experienced a significant drop of 18.1% after revealing plans to sell 75 million shares of its Class A common stock. Shares of Fiserv Inc. (FISV) rose by 1.8% amidst reports that the company is negotiating with major banks to divest its payments infrastructure business that manages debit card transactions.
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