Universal Music Plummets, IAG Slumps, Puma Falls

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Universal Music shares plummeted as much as 23%, the most in two years, after the company’s subscription revenue growth fell short of expectations in the second quarter.

- IAG shares fell as much as 5% after the owner of British Airways gave up on its growth plans for this year as the conflict in the Middle East continues to disrupt operations and drives up fuel costs.

- Puma shares fell after it posted a narrower loss in the second quarter as the German sports brand pushes ahead with an effort to restore growth next year.

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