Top Rising/Falling Stocks Today (and Why)

Sharing is Caring!

by NaturalHedgehog

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)
See also  Stocks as a percentage of household financial assets just hit a record high. Prior peaks have come before dreadful bear markets.
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

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.