Four Rumors That Had Wall Street Buzzing Today

By Investing.com Staff

Rumors drive Wall Street action on any given trading day. Today was no exception. Below are four rumors that were buzzing around trading desks today:

1. Roku (NASDAQ:) stock jumped 8% on takeover rumors after the company filed an amended Amended and Restated Severance Benefit Plan, which included a Change in Control Termination. Sometimes these changes are precursors to a deal.

2. Gap Inc (NYSE:) stock fell nearly 4% Thursday on word that Kanye West formally informed the company that he is terminating their partnership. The rumors look legit but no formal announcement has come from the company yet.

3. Rumors abound that private equity firms KKR and GIP are pursuing Vodafone’s (NASDAQ:) $13 billion tower unit. EQT (NYSE:) is also said to be in the mix for the unit. The rumors were first reported by Bloomberg News.

4. Australian billionaire Brett Blundy boosted his stake in Victoria’s Secret & Co. (NYSE:) beyond 10% which has the rumor mill churning that something else could be brewing.

[ad_2]

Source link