Del Taco skyrockets following acquisition agreement with Jack in the Box Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Del Taco (TACO) up 64% after entering into a definitive agreement pursuant to which Jack in the Box (JACK) will acquire the company for $12.51 per share in cash in a transaction valued at approximately $575M, including existing debt
- GCP Applied Technologies (GCP) up 13% after announcing that it has entered into a definitive agreement pursuant to which Saint-Gobain will acquire all of the outstanding shares of the company for $32.00 per share in cash
- Alibaba (BABA) up 2% after announcing that Toby Xu, deputy CFO, will succeed Maggie Wu as the company's CFO, effective April 1
- Byrna Technologies (BYRN) up 2% after reporting preliminary Q4 results and providing forward-looking guidance
- Kohl's (KSS) up 3% after Engine Capital sent a letter to the company's board of directors urging a separation of the e-commerce business and the pursuit of a sale
- Digital World Acquisition (DWAC) up 7% after Trump Media & Technology Group and the company announced that the latter has entered into subscription agreements for $1B in committed capital to be received upon consummation of their business combination from a group of institutional investors
LOWER -
- Lucid Group (LCID) down 15% after receiving a subpoena from the SEC requesting the production of certain documents related to an investigation
- Aeglea BioTherapeutics (AGLE) down 15% after announcing its PEACE trial met the primary endpoint with a statistically significant reduction in plasma arginine from baseline after 24 weeks of treatment with pegzilarginase
- Chewy (CHWY) down 5% after Wedbush analyst Seth Basham downgraded the stock to Neutral from Outperform with a price target of $70, down from $90
Symbols:
BABA TACO GCP BYRN KSS DWACDigital World Acquisition
LCID AGLE CHWY JACK Keywords: Fly Intel, Wall Street, Top Stories, Stocks