Biggest stock movers Wednesday: VRNT, CNC, and more

Stock futures edged higher Wednesday premarket as investors digested Senate approval of a sweeping tax cut and spending bill while monitoring interest rate signals and tariff developments.

Here are some of Wednesday’s biggest stock movers:

Biggest stock gainers

• Verint Systems (NASDAQ:VRNT) +16% – Shares jumped following a report that the software firm is in talks with private equity firm Thoma Bravo over a potential acquisition. The discussions are ongoing with no guarantee of a deal. The report follows news from Semafor that Verint, down over 32% YTD, has hired bankers to explore a sale. The company specializes in call center software and has a market cap of ~$1.2B.
• Greenbrier (NYSE:GBX) +13% – Shares jumped after the company reported strong FQ3 results and raised guidance. FQ3 non-GAAP EPS of $1.86 beat estimates by $0.88, while revenue rose 2.7% Y/Y to $842.7M, topping forecasts by $57M. The company raised its gross margin outlook to 17.7%–18.3% and operating margin to 10.6%–11%. Greenbrier reaffirmed its delivery and revenue guidance and expects ~$145M in manufacturing investments, $270M in leasing/fleet investments, and $75M in equipment sale proceeds. Management cited recurring revenue growth, operating efficiencies, and strong liquidity as key pillars of its strategic plan.

Biggest stock losers

• Centene (NYSE:CNC) -24% – Shares plunged after the insurer withdrew its 2025 profit outlook, citing unexpected adverse health risk trends across 22 of 29 marketplace states. A preliminary review suggests a $1.8B reduction in expected net risk adjustment revenue, equating to a ~$2.75 hit to adjusted EPS. The company expects similar issues in the remaining seven states and plans to reprice 2026 plans to reflect higher baseline risks. The company also flagged a higher Medicaid Health Benefits Ratio in Q2 due to accelerating medical cost trends.
• TechTarget (NASDAQ:TTGT) -12% – Shares fell after the company reported preliminary Q1 revenue of $104M, missing the $106.2M consensus estimate. It reaffirmed full-year adjusted EBITDA growth guidance but expects to post a Q1 net loss of $513M–$545M, driven by $450M–$475M in non-cash impairment charges due to depressed market cap, acquisition/integration costs, and $25M–$32M in tax expense. Adjusted EBITDA fell ~$10M Y/Y.