© Reuters. 3 Rumors Lighting Up Trading Screens Today
By Investing.com Staff
Stocks ripped higher after Fed Chairman Jay Powell said the Fed may slow rate hikes at the next meeting, pushing the Nasdaq up 4.4%, the S&P 500 up 3.1%, and the Dow up 2.2%. The Dow is now in a new bull market, up 20% from the lows. Amid the bullishness, several rumors swirled around Wall Street. Below we highlighted a few:
Radius Global Infrastructure , Inc. (NASDAQ:RADI) gained over 25% after Bloomberg reported that EQT (NYSE:EQT) is in talks to acquire the company. Today's news follows an Investing.com report from earlier in the month that Stonepeak was also evaluating a takeover of the company.
Aerojet Rocketdyne (NYSE:AJRD) gained over 4% after Reuters reported that General Electric (NYSE:GE), L3Harris Technologies (NYSE:LHX), Textron (NYSE:TXT), and Veritas Capital vying to acquire the company.
Following news on Tuesday that Horizon Therapeutics (NASDAQ:HZNP) was in "highly preliminary" talks with three large pharma companies, analysts weighed in on the takeover prospects and potential takeover price. Several analysts see the stock worth between up to $140 per share in a takeover.
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