Monte Paschi Jumps, Renault Down, Nibe Rises

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Monte dei Paschi di Siena is seeking to buy two separate banks for a combined price of €34 billion ($40 billion) in a defensive move designed to ward off a takeover by rival Intesa Sanpaolo SpA.
- Renault gets downgraded to equal weight from overweight at Barclays, with analysts citing tough competition and the need for major cost cuts.
- Nibe shares gain as much as 10%, the most since May, after the Swedish heating and climate solutions group posted strong earnings, that SB1 Markets predicted could trigger single-digit upgrades to consensus estimates.

See omnystudio.com/listener for privacy information.