Confluent Jumps on Report; US Rare Earth Jumps; BMW Slides

On this episode of Stock Movers:
- Confluent (CFLT) shares soared as Reuters reports that the data infrastructure company is exploring a sale after receiving acquisition interest. The firm has engaged an investment bank to manage the process, Reuters reports, citing people it didn’t identify. No deal is guaranteed
- IREN Ltd. (IREN) is falling after a source said it is offering a conversion premium of 30% to 35% on its $875 million offering of zero coupon bonds due 2031, according to a person familiar with the matter. AI and Bitcoin data center developer, owner and operator is marketing offering for one day, pricing the deal late Wednesday, the person said, asking not to be identified as the information isn’t public.
- US Rare Earth Inc. (USAR) jumped amid a recent report that that the company is in close communication with the Trump administration, when asked whether the company would be open to a deal with the US government. The Trump administration has already taken stakes in rare earths company MP Materials and miner Lithium Americas.
- BMW (BMWKY) is the worst performing stock in Europe this morning after the company lowered its financial guidance due to weak sales in China and tariff costs. The company now sees pretax group earnings slightly lower in 2025 compared to last year and slashed its projection for automotive free cash flow.

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