WWE, Rivian, Coinbase, airlines and other stock market participants on Wednesday

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Stephanie McMahon, co-CEO of World Wrestling Entertainment, is leaving the company.

Ethan Miller/Getty Images

Stock futures edged higher on Wednesday as investors braced for Thursday’s US consumer inflation data. Stocks closed higher on Tuesday, with the S&P 500 climbing above 3900.

These stocks were ready for change on Wednesday:

Stephanie McMahon, co-CEO of World Wrestling Entertainment (WWE), has said she is leaving the company after her father and former chief executive Vince McMahon announced last week that he is appointing himself to the board of directors and considering selling WWE. Vince McMahon resigned last year after numerous allegations of sexual harassment. Shares rose 6.1%.

Stock

Conna

(Ticker: CONN) jumped 6% after The Wall Street Journal reported that

Franchise Group

(FRG), the investment firm that owns Vitamin Shoppe, was considering a deal to acquire a furniture chain.

Franchise Group

is also considering a management buyout, according to the Journal, at $30 to $35 per share.

CarMax

(KMX) fell 3.6% after JP Morgan downgraded the used car dealer’s stock from neutral to undermarket.

Coinbase Global

(COIN) fell 3.3% after analyst BofA Securities downgraded the crypto trading platform’s stock from neutral to underperforming.

Black stone

(BX) climbed 2.3% after a Wells Fargo analyst upgraded the fund manager’s stock rating to “outperform” from “equal weight”.

Shares of Warner Bros. Discovery (WBD) rose 1.8% after a Guggenheim analyst upgraded the entertainment company’s stock rating to Buy from Neutral. Shares jumped 8.2% on Tuesday, posting their eighth straight session of gains. Jessica Reif Ehrlich of BofA Securities added the stock to the bank’s US 1 list Tuesday, which includes stocks its analysts recommend buying. She rates Warner Bros. as a purchase.

Rivian Automotive

(RIVN), an electric truck startup, has parted ways with several of its top executives after it failed to meet production targets over the past year, reports The Wall Street Journal. Shares rose 1.1%.

US airline stocks traded lower on Tuesday as flights across the country were delayed by a computer glitch with the Federal Aviation Administration.

southwestern airlines

(LUV) fell 1.5%,

Delta Air Lines

(DAL) decreased by 0.9%,

United Airlines Holdings

(UAL) decreased by 0.6%, and

American Airlines Group

(AAL) fell 0.5%.

Email Joe Woelfel at [email protected]

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