tiprankstipranks
Morning Movers: FuboTV skyrockets following deal to merge with Hulu + Live TV
The Fly

Morning Movers: FuboTV skyrockets following deal to merge with Hulu + Live TV

Check out this morning’s top movers from around Wall Street, compiled by The Fly.

Stay Ahead of the Market:


HIGHER –

  • FuboTV (FUBO) up 183% after the company and Disney (DIS) announced that they have entered into a definitive agreement for Disney to combine its Hulu + Live TV business with Fubo
  • U.S. Steel (X) and Cleveland-Cliffs (CLF) both up 4% after Nippon Steel (NPSCY) filed two lawsuits to remedy the ongoing “illegal interference” with Nippon Steel’s acquisition of U. S. Steel
  • Uber (UBER) up 4% after announcing that it has entered into an accelerated share repurchase agreement with Bank of America to repurchase $1.5B of shares of Uber common stock, as part of its previously announced $7B share repurchase authorization
  • XPeng (XPEV) up 4% after the company and the Volkswagen Group China (VWAGY) announced that both parties have entered into a memorandum of understanding for strategic collaboration on “super-fast” charging networks in China
  • Paycor HCM (PYCR) up 26% after Bloomberg reported Paychex (PAYX) is in advanced talks to acquire the company


UP AFTER EARNINGS –

  • Commercial Metals (CMC) up 3%


LOWER –

  • Integral Ad Science (IAS) down 2% after announcing the departure of Tania Secor as CFO and the appointment of Jill Putman as interim CFO

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App