Dave & Buster's Sinks, Western Digital Rises, SpaceX Gains on Cursor Takeover Days After IPO

On this episode of Stock Movers:

-Dave & Buster's (PLAY) shares sink. The operator of restaurant and entertainment facilities reported comparable sales for the first quarter that missed the average analyst estimate. Research firm Benchmark downgraded the stock, citing a lack of confidence that same-store sales will stabilize/eventually turn positive this year. 

-Western Digital (WDC) shares rise. Morgan Stanley reiterated Overweight ratings on the hard-drive makers and bumped its price target for Western Digital stock to $650.

-SpaceX (SPCX) shares gain. SpaceX formally agreed to buy Cursor in a deal that will entitle the startup's investors to SpaceX stock. The acquisition is expected to help SpaceX's xAI rapidly rebuild and catch up to rivals including Anthropic PBC and OpenAI in the market for artificial intelligence-powered coding tools.

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