Estee Lauder surges following second quarter earnings report and headcount reduction announcement Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Everbridge (EVBG) up 18% after reporting that it has entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction valuing the company at approximately $1.5B or $28.60 per share in cash
- Elanco (ELAN) up 9% after announcing it has entered into an agreement to sell its aqua business to Merck Animal Health (MRK) for approximately $1.3B in cash
- Catalent (CTLT) up 9% after the company and Novo Holdings (NVO) announced that they have entered into a merger agreement under which Novo Holdings will acquire Catalent in an all-cash transaction that values Catalent at $16.5B on an enterprise value basis
- Haynes (HAYN) up 5% after entering into a definitive agreement to be acquired by North American Stainless, a wholly owned subsidiary of Acerinox, in an all-cash transaction valuing the company at an enterprise value of approximately $970M
UP AFTER EARNINGS -
- Estee Lauder (EL) up 16%
- CNA Financial (CNA) up 7%
- ON Semiconductor (ON) up 6%
- Tyson Foods (TSN) up 5%
- Caterpillar (CAT) up 4%
DOWN AFTER EARNINGS -
- Air Products (APD) down 12%
- McDonald's (MCD) down 1%
LOWER -
- Cano Health (CANO) down 1% after entering into a restructuring support agreement with lenders and initiating prearranged voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware
- Boeing (BA) down 2% after Reuters reported the company said on Sunday it will have to do more work on about 50 undelivered 737 MAX airplanes, potentially delaying near-term deliveries, after its supplier Spirit AeroSystems (SPR) discovered two mis-drilled holes on some fuselages
Symbols:
ELAN EVBG HAYN CTLT CAT CNA EL TSN ON MCD - $297.14 /
-0.875 (-0.29%)
APD CANO BA MRK NVO - $113.70 /
-2.085 (-1.80%)
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