Stock futures edged up in the premarket hours of Thursday as investors celebrated the official end of the record-length federal government shutdown. President Trump signed the funding bill late Wednesday, allowing government operations to fully resume and sparking renewed market optimism.
Here are some of Thursday’s biggest stock movers:
Biggest stock gainers
- Sealed Air (SEE) +22% – Shares surged after reports that private equity firm Clayton Dubilier & Rice is in talks to acquire the packaging company. The Wall Street Journal reports that a deal could finalize soon, but discussions could still collapse or attract competing bids. Sealed Air, best known for inventing Bubble Wrap, carries a market value of about $5.4B, and a transaction with a typical takeover premium would value it above that level.
- Cisco (CSCO) +7% – Shares jumped after the tech giant posted FQ1 results above expectations and raised its full-year outlook. CEO Chuck Robbins said Cisco is on track for its “strongest year yet,” citing robust demand for secure networking and AI-driven technologies. For FQ2, the company projects revenue of $15B–$15.2B (above the consensus of $14.6B) and adjusted EPS of $1.01–$1.03 (above the consensus of $0.98). Full-year FY2026 guidance was also lifted, with EPS of $4.08–$4.14 (vs. prior $4.00–$4.06) and revenue of $60.2B–$61B (vs. prior $59B–$60B).
Biggest stock losers
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Bitdeer (BTDR) -16% – Shares slumped after the company announced plans to offer $400M in Convertible Senior Unsecured Notes due 2031 in a private placement, with an option for initial purchasers to buy an additional $60M. The proceeds will be used for datacenter expansion, ASIC-based mining rig development, and growth in its HPC and AI cloud business, as well as for capped call transactions and note repurchases. Bitdeer also unveiled a registered direct offering of Class A shares to certain holders of its 5.25% convertible notes due 2029, with proceeds intended to repurchase those notes partially.