Stocks making the biggest moves midday: TD Ameritrade, Tiffany, Uber, Hasbro & more

Market Insider

A customer enters a TD Ameritrade Holding Corp. location in San Francisco, California.

David Paul Morris | Bloomberg | Getty Images

Check out the companies making headlines midday Monday:

TD Ameritrade, Charles Schwab — TD Ameritrade shares jumped nearly 7% after the company confirmed it will be acquired by rival Charles Schwab for $26 billion in an all-stock deal. CNBC first reported on the deal last week. Charles Schwab shares climbed 1.8%.

Tiffany — The jeweler’s stock rose 6.1% after LVMH confirmed it will buy Tiffany for $16.2 billion, or $135 a share in cash. The deal, which is expected to close in the middle of 2020, represents a 7.5% premium from Friday’s close of $125.51. Tiffany shares traded around $133.

eBay — Shares of eBay climbed 1.2% after the company announced plans to sell StubHub for $4.05 billion in cash to Viagogo, a Swiss ticket vendor. The sale is expected to close by the end of next year’s first quarter.

Nvidia — An analyst at Morgan Stanley upgraded the chipmaker to overweight from equal weight, citing a “return to solid growth” for Nvidia’s gaming and data center businesses. Nvidia shares went up 4.4%.

Hasbro — Hasbro was upgraded to buy from neutral by an analyst at UBS who said the company’s Black Friday sales could get a boost from “Frozen II” merchandise. Hasbro shares gained 2.9%.

Dick’s Sporting Goods — Dick’s Sporting Goods shares were upgraded to buy from neutral by an analyst at Bank of America, sending the stock up 1%. The analyst said the company’s same-store sales momentum could gain steam given “the success of its premium footwear decks.”

The Medicines Co. — Shares of the biopharmaceutical company surged more than 22% on news that Medicines is being bought by Novartis for $7 billion, or $85 per share. The deal’s valuation represents a 24% premium from Medicine’s previous close of $68.55 per share.

Uber Technologies — Uber shares fell as much as 4% after a London regulator stripped the ride-hailing giant’s license to operate in the city. Transport for London, the regulator, said Uber has shown a “pattern of failures” that risked passenger safety. Uber said it would appeal. The stock traded down 1.9% in midday.

Funko — The toymaker’s stock dropped more than 6% after an analyst at Piper Jaffray cut her price target on Funko shares to $24 from $30. Funko traded around $14 per share on Monday. “With a new CFO at the helm who brings a lot of discipline & process, we do believe the company is taking the time to fortify the several emerging revenue streams. As such, we are resetting our estimates,” the analyst said.

Articles You May Like

Introducing StockTracker Master Class Volume 1