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Money Talk

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Market Movers: WD-40 Surges as Fermi and Brookdale Slip

A 15% jump in WD-40 shares following strong quarterly results stood out against a volatile Thursday after-hours session, as investors weighed a $350 million convertible note offering from Fermi against new operational updates from EquipmentShare.com and Brookdale Senior Living.

Market Movers: WD-40 Surges as Fermi and Brookdale Slip

WD-40 capitalized on rising global demand for its core product, driving both profit and sales higher in the third quarter and pushing the stock to $275.00. Conversely, Fermi faced immediate investor pushback, with shares sliding 16% to $6.14 following the announcement of its $350 million debt offering due in 2031.

EquipmentShare.com signaled confidence in its trajectory by authorizing a $500 million share repurchase program and raising its annual guidance, moves that sent the stock up 7.5% to $17.20. Meanwhile, Brookdale Senior Living saw shares drop 6.5% to $14.28 despite reporting a steady occupancy rate of 82.5% for June and 82.4% for the second quarter overall.

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