Quick roundup of the top rising and falling stocks today (29 October 2018), as of mid-morning. This list is limited to companies with market cap >$100 million, and also excludes VIX, short ETFs, etc, as these just reflect the market, rather than individual companies.
| Today | Company | Driving the stock |
|---|---|---|
| +44% | Red Hat (RHT) | IBM announced $34 billion acquisition (at $190/share, a 63% premium) |
| +21% | Cooper Tire & Rubber (CTB) | Revenue miss, but EPS beat (auto supplier) |
| +16% | Stoneridge (SRI) | Revenue beat, EPS in-line (auto supplier) |
| +15% | Tower International (TOWR) | Strong revenue/EPS beat (auto supplier) |
| +15% | Genworth Financial (GNW) | Announced sale to China-based Oceanwide Holdings for $5.43/share (insurance provider) |
| Today | Company | Driving the stock |
|---|---|---|
| -20% | Denbury Resources (DNR) | Announced acquisition of a debt-laden oil company (Penn Virginia) |
| -17% | Tower Semiconductor (TSEM) | Misses revenue/EPS (semiconductor company) |
| -14% | Standex (SXI) | Earnings miss (electronics company) |
| -14% | First Data (FDC) | Beats revenue, but misses earnings and guidance (large payment processor) |
| -14% | Aurora Cannibus (ACB) | Cannibus stocks like Aurora and Tilray are declining today |
Submitted October 29, 2018 at 02:25PM by NaturalHedgehog https://ift.tt/2Pvsvr9
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