- UnitedHealth Group Inc.’s UNH shares fell 1% after the company declared that its full year 2020 adjusted earnings per share will be in the range of $16.25-$16.55. Its mid-point of $16.40 lagged the current Zacks Consensus Estimate of $16.44.
- PepsiCo Inc. PEP dropped 0.3% after the company decided to acquire BFY Brands Inc. for an undisclosed sum.
- Shares of Cleveland-Cliffs Inc. CLF plunged 10.7% following its decision to acquire AK Steel Holding Corp. AKS for a consideration of $1.1 billion in an all-stock deal.
- Audentes Therapeutics Inc. BOLD jumped 106% following news that Japan’s Astellas Pharma Inc. will acquire the company for a consideration of $3 billion in cash.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
PepsiCo, Inc. (PEP) : Free Stock Analysis Report
UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report
Cleveland-Cliffs Inc. (CLF) : Free Stock Analysis Report
AK Steel Holding Corporation (AKS) : Free Stock Analysis Report
Audentes Therapeutics, Inc. (BOLD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research