Skydance (NYSE:SKYD) rose 10% to $7.84 in afternoon trading, recovering part of the drop that followed the separate trading of its Class B shares and warrants. The SPDR S&P 500 ETF Trust gained 0.7%, while the Communication Services Select Sector SPDR ETF fell 0.7%, which makes Skydance's gain stand out as company-specific. Spotify slipped 0.6% and Walt Disney 0.2%. Skydance remains 16% below the $9.28 level at which it started trading on the NYSE, and it is scheduled to post its first combined quarter, Q3 2026, on November 9, with warrant pressure and integration of its studios and streaming services still in focus.
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