Arcosa and Apogee Rise; Getty Jumps
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Arcosa (ACA) are rising on news building materials group CRH is close to its biggest deal ever to acquire competitor Arcosa, and an agreement could come as soon as next week, the Financial Times reports, citing people familiar with the matter. Arcosa currently has a market capitalization close to $7 billion, and with its debt the company’s price could be more than $8 billion, the Financial Times reported.
- Apogee (APGE) shares are soaring on news AbbVie is closing in on a nearly $11 billion deal to buy inflammatory disease drug developer Apogee Therapeutics. That's also according to a Financial Times report.
- Getty Images (GETY) is jumping as it announces a display partnership with OpenAI.
- Micron (MU) is higher on momentum from the AI trade. It will report earnings Wednesday.
- SpaceX (SPCX) is lower this morning, continuing its slide after its record IPO.
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