4 Rumors Lighting Up Wall Street Today

By Investing.com Staff

Stocks closed lower again today but that didn’t stop rumors from pushing several issues higher during the trading day. Below we highlight 4 rumors that were circling trading floors.

1. Cano Health (NYSE:) jumped 32% on rumors Humana (NYSE:), CVS Health Corp (NYSE:), or others are interested in acquiring the primary care provider, which is said to be exploring a sale.

2. Freshpet (NASDAQ:) gained 16% on reports from the Wall Street Journal that activist investor Jana Partners has a nearly 10% stake and plans to push it to make changes to boost its stock price and explore a sale.

3. Credit Suisse Group (NYSE:) shares sold off nearly 6% on reports it was considering leaving the U.S. market, which it later denied.

4. Pinterest (NYSE:) was in the rumors mill again today as Elliott Management’s 9% stake was highlighted in Barron’s which discussed that the hedge fund wants to see the company sold. That said, a merger with PayPal (NASDAQ:), another Elliott stock, is said not to be on the table.

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