By Investing.com Staff
Stocks jumped on Monday ahead of Tuesday’s midterms and the all-important CPI report later this week. Amid the upside, several rumors drove trading action in a few names. Below we highlighted a few:
Twilio (NYSE:) gained nearly 7% as last week’s brutal 40%+ sell-off sparked rumors the company could attract takeover interest.
NCR Corp. (NYSE:) gained 3.5% on a renewed rumor the company could try to sell itself again. In September, the company canceled a sale after it couldn’t get the price it wanted and said it would split the company instead. Shares are down 48% year-to-date.
Traders speculated about the fate of FTX’s Sam Bankman-Fried’s 7.6% stake in Robinhood (NASDAQ:) after FTX was the target of insolvency rumors with rival Binance liquidating its FTT token. Bankman-Fried was seen as a possible suitor for Robinhood.
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Story Credit: investing.com