Cooper Tire climbs following announcement that Goodyear will acquire the company Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Cooper Tire (CTB) up 18% after Goodyear Tire (GT) and the company announced that they have entered a definitive transaction agreement under which Goodyear will acquire Cooper in a transaction with a total enterprise value of approximately $2.5B
- People's United (PBCT) up 10% after M&T Bank Corporation (MTB) and the company announced that they have entered into a definitive agreement under which M&T will acquire People's United in an all-stock transaction valued at approximately $7.6B
- Kohl's (KSS) up 8% after The Wall Street Journal reported a group of activist investors has a big stake in Kohl's and is attempting to take control of the department-store chain's board by nominating nine people to its now-12-person board
UP AFTER EARNINGS -
- Discovery (DISCA) up 5%
- GasLog Partners (GLOP) up 10%
- GasLog (GLOG) up 17%
- Dish (DISH) up 1%
DOWN AFTER EARNINGS -
LOWER -
- Boeing (BA) down 3% after recommending suspending operations of the 69 in-service and 59 in-storage 777s powered by Pratt & Whitney 4000-112 engines until the FAA identifies the appropriate inspection protocol following the "recent events related to United Airlines Flight 328"
- Raytheon (RTX) down 2% following the issue with a United Airlines (UAL) 777 powered by a Pratt & Whitney 4000-112 engine
- Otonomy (OTIC) down 50% after announcing that the Phase 3 clinical trial of OTIVIDEX in patients with Meniere's disease did not achieve the primary endpoint
- Fortress Value Acquisition Corp. II (FAII) down 13% after the company and ATI Physical Therapy announced that they have entered into a definitive merger agreement.
- ReWalk Robotics (RWLK) down 14% after announcing an at-the-market private placement of $40M
- Ebix (EBIX) down 38% after RSM US LLP notified its Audit Committee of its resignation as the company's independent registered public accounting firm, stating in its letter that its resignation was the "result of being unable, despite repeated inquiries, to obtain sufficient appropriate audit evidence that would allow it to evaluate the business purpose of significant unusual transactions that occurred in the fourth quarter of 2020"
Symbols:
CTB PBCT KSS DISCA GLOP GLOG DISH MGI OTIC FAIIFortress Value Acquisition Corp. II
RWLK EBIX GT MTB BA UAL RTX Keywords: Fly Intel, Wall Street, Top Stories, Stocks