Kyle Wood, Megan Pacchia and Renae Cormier to Separate from Silvia; Catalina Abbey and Caroline Hennigar Appointed

RH (NYSE:RH) shares rose 8.2% in pre-market trading after reporting Q2 earnings of $2.70 per share, beating estimates by 51.69%. Revenue was $922.15M, up from last year but below expectations. Other movers included Oracle (NYSE:ORCL), Alliance Entertainment (NASDAQ:AENT), and ACV Auctions (NYSE:ACVA).

Megan Holdings (NASDAQ:MGN) shares jumped 92.05% to $0.33 in after-hours trading, after an intraday gain of 29.74% to $0.17, according to Benzinga Pro. The company filed with the SEC on June 18 seeking shareholder approval for a reverse split up to 1-for-400 on July 13, following a Nasdaq notice in May that it failed the $1 minimum bid requirement.

General Motors (GM) announced a $20 billion share repurchase program during its Q3 earnings. CEO Mary Barra stated the move reflects the board's commitment to return cash to shareholders, citing undervaluation. Analyst Dan Ives supports the strategy, noting the stock's low valuation. GM's stock trades around $77 per share.

Abbott Laboratories (ABT) plans to spin off its Nutrition division, which generates $8.5B in annual sales, to focus on higher-growth segments like medical devices and diagnostics. The company offers a 2.69% dividend yield with a 80% payout ratio and a GF Value of $135.69, suggesting modest undervaluation. ABT's GF Score is 82/100, reflecting strong financial health. Insiders have sold more shares than bought in the past year, while 23 gurus hold positions, with mixed recent activity.

Abbott (ABT) reported Q3 2026 earnings, announcing plans to spin off its nutrition business into a separate, publicly traded company. The move follows a strategic review, aiming to enhance value and focus for both entities. Abbott's Q3 sales grew 7%, with diagnostics up 6.5% and nutrition up 5%. The new nutrition company will have $8.5B in annual sales and is expected to join the S&P 500. Daniel Salvadori will lead the new company, with Abbott retaining a diversified healthcare portfolio.

Getty Images filed for Chapter 11 bankruptcy to restructure $1B-$10B in debt. The company will be acquired by the Getty family and Koch Equity Development, who will provide $533M in new financing. The move follows the collapse of a $3.7B Shutterstock deal and aims to address financial obligations and AI-driven competition.