[ad_1]
Here are some of the bigger U.S. stock movers on Wednesday.
Stock gainers:
-
Triton International Ltd.‘s stock
TRTN,
+32.28%
soared 32% after agreeing to be acquired by Brookfield Infrastructure Partners L.P.
BIP,
+0.23%
in a cash and stock deal worth around $4.7 billion. -
Wireless product manufacturer Tessco Technologies Inc. shares
TESS,
+86.91%
skyrocketed over 85% after signing an acquisition deal by two investment firms in a deal valued at $161.4 million. -
Shares of National Instruments Corp.
NATI,
+10.11%
were trading over up nearly 10% after Emerson Electric Co.
EMR,
-1.26%
confirmed it agreed to buy the measuring equipment maker for $60 a share. -
National CineMedia Inc.’s stock
NCMI,
+157.16%
rocketed 180% after filing for Chapter 11 bankruptcy late Tuesday. The rise follows an earlier rally sparked by AMC Entertainment Holdings
AMC,
+3.97%
disclosing that it owned a significant chunk of the U.S. movie-theater advertising company. AMC shares were up nearly 5%.
Stock decliners:
-
Tesla Inc.‘s stock
TSLA,
-2.14%
shed 1.7%, along with other electric vehicle competitors, such as the U.S.-listed shares in NIO Inc.
NIO,
-4.46% ,
which slid over 3.7% even after new and tighter tailpipe emission standards released by the Environmental Protection Agency. The new rules will make it harder and more expensive to sell cars that burn gasoline and emit carbon dioxide. -
Shares in American Airlines Group Inc.
AAL,
-8.90%
dropped more than 8% after the air carrier raised its profit outlook, but not by enough to match Wall Street expectations. That dragged down shares of rival air carriers, with United Airlines Holding Inc.’s
UAL,
-5.35%
down 5.0% and Delta Air Lines Inc.’s
DAL,
-1.23%
down 1.3%. - Bed Bath & Beyond Inc.‘s stock BBBY sank more than 7% in after disclosing in a filing last Tuesday that it had sold just over 100 million shares for roughly $48.5 million with B. Riley Securities. The retailer could sell up to $300 million under an “at the market offering” program.
[ad_2]
Source link
