By Angus Berwick

Warner Bros. Discovery: The entertainment conglomerate said it would structure into two operating divisions, one focused on the legacy cable-TV business and the other on streaming and studios. Warner shares ended 15% higher.

Uber Technologies (Uber): Shares eked out a 0.4% gain, having sold off Wednesday after General Motors $(GM)$ said it would wind down its Cruise program. Uber had partnered recently with Cruise to bring its robotaxis onto the ride-hailing platform.

Texas Pacific Land $(TPL)$: One of the hottest stocks of the year has suffered a sharp decline since joining the S&P 500 last month. The oil-patch landowner's stock shed another 0.7% in its seventh consecutive daily loss and is down 31% from its November peak.

Dave & Buster's $(PLAY)$: Shares dropped another 13% following a sharp fall Wednesday after the arcade-restaurant operator reporting a significantly wider quarterly loss and the resignation of its chief executive. Some analysts lowered their price targets for the stock.

Adobe $(ADBE)$: Shares in the Photoshop maker sank 14% after its annual earnings and sales forecasts disappointed Wall Street.

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(END) Dow Jones Newswires

December 12, 2024 16:23 ET (21:23 GMT)

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