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Why DuPont and Rogers Stocks Blasted Higher This Week

·3-min read
Why DuPont and Rogers Stocks Blasted Higher This Week
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Stocks in boring sectors like chemicals don't often surge double digits within days, but DuPont de Nemours (NYSE: DD) proved an exception this week, soaring -- and pulling shares of Rogers (NYSE: ROG) along with it -- thanks to a massive deal. According to data from S&P Global Market Intelligence, DuPont shares closed Friday up 15.6% for the week, while Rogers gained 34% this week. On Nov. 2, both DuPont and Rogers announced quarterly numbers alongside an agreement that took many by surprise: DuPont struck a deal to acquire Rogers for $5.2 billion, representing a 33% premium over Rogers' closing price on Nov. 1.

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