2 rumors lighting up trading screens today By Investing.com

Chemical Stock jumps up to 10% after it fixes record date for dividend; Check the details

2 rumors lighting up trading screens today

Published Nov 10, 2022 17:40

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2 rumors lighting up trading screens today

MRK

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SGEN

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IBEX

+3.26%

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By Investing.com Staff

Stocks staged an explosive rally on Thursday after the CPI report was cooler than expected, which stoked hopes the Fed will slow the pace of rate increases sooner rather than later. Amid the gains, several rumors circulated Wall Street. Below we highlighted a couple:

IBEX Ltd (NASDAQ:IBEX) gained nearly 14% following a Bloomberg News report the company is attracting preliminary interest from suitors including buyout firm CVC Capital. CVC has been speaking to banks about financing. Deliberations are said to be ongoing.

Seagen (NASDAQ:SGEN) fell 5% after it named David R. Epstein as CEO, which dashed M&A hopes. Merck & Company Inc (NYSE:MRK) was seen as a buyer of the company but an agreement couldn't be reached on price and now, with the new CEO, it appears SGEN has moved on.

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Nifty 50	18,599.00	+5.15	+0.03%
BSE Sensex	62,792.88	+5.41	+0.01%
Nifty Bank	44,164.55	+62.90	+0.14%
Nifty 50 Futures	18,738.25	+41.60	+0.22%
US 500	4,283.5	+9.7	+0.23%
FTSE 100	7,628.10	+28.11	+0.37%
Dollar Index	104.075	+0.139	+0.13%

Gold	1,979.05	+4.75	+0.24%
Crude Oil WTI	71.69	-0.46	-0.64%
Brent Oil	76.19	-0.52	-0.68%
Natural Gas	2.264	+0.019	+0.85%
Silver	23.672	+0.037	+0.16%
MCX Copper	722.45	+1.30	+0.18%
MCX Cotton	59,960	-320	-0.53%

SBI	585.35	-1.85	-0.32%
NTPC	175.40	+1.30	+0.75%
ICICI Bank	942.10	-4.65	-0.49%
Reliance Industries	2,479.35	+2.10	+0.08%
DLF	494.65	+5.40	+1.10%
Tata Motors	555.75	+9.50	+1.74%
Tata Steel Ltd	109.00	-0.40	-0.37%

USD/INR	82.523	-0.004	-0.00%
EUR/USD	1.0695	-0.0018	-0.17%
GBP/USD	1.2429	-0.0010	-0.08%
USD/JPY	139.65	+0.06	+0.05%
GBP/INR	102.564	-0.049	-0.05%
EUR/INR	88.2610	-0.1480	-0.17%
USD/CAD	1.3403	-0.0042	-0.31%

2 rumors lighting up trading screens today

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