Kraft Heinz Lower on Split News; PepsiCo Pops; Klarna IPO

On this episode of Stock Movers:
- Kraft Heinz (KHC) shares are down after the company said it will separate into two publicly traded companies in a tax-free spinoff, aiming to simplify operations and boost shareholder value. The transaction is expected to close in the second half of 2026.
- PepsiCo (PEP) are among the most active premarket shares and are rising after the Wall Street Journal reported Elliott Investment Management has taken a significant stake to become the consumer giant's top five active investors excluding index funds.
- Klarna's shares are set to move as its IPO approaches. Klarna and some of its shareholders are seeking to raise as much as $1.27 billion as the financial-technology company revives a New York initial public offering. The company and some of its backers are offering 34.3 million shares for $35 to $37 apiece, with the IPO expected to price Sept. 9. Klarna plans to sell 5.6 million shares in the offering, and selling holders are set to offer 28.8 million shares, with the company aiming to list on the New York Stock Exchange under the symbol KLAR.

See omnystudio.com/listener for privacy information.