Yahoo Finance Trending tickers: IBM | Vodafone | DocuSign | Unilever
The latest investor updates on stocks that are trending on Monday
IBM (IBM)
Software multinational IBM said on Monday it is acquiring business units from Software AG in a deal worth €2.13bn (£1.8bn, $2.3bn) in cash.
The acquisition of StreamSets and webMethods is designed to enable IBM to use different apps which integrate AI across software products.
Read more: LIVE: FTSE and European stocks lower ahead of inflation figures
It speaks to a world in which AI has become a top priority for software companies looking to get ahead.
Vodafone (VOD.L)
Vodafone stock was leading the FTSE 100 (^FTSE) on Monday morning after a joint-venture proposal from telecom firm Iliad in Italy.
Stock rose more than 3.4% in early trade as the company proposed merging their Italian businesses — a plan that has unanimous support of Iliad's board, according to an announcement.
Read more: Stocks that are trending today
Still, the move wasn't enough to boost the stock to levels seen earlier in the year. Vodafone was trading at $102.76 in February this year. On Monday it hit $67.56.
Unilever (ULVR.L)
Pharma company Unilever is selling Elida Beauty, a beauty and personal care division of its business, to Yellow Wood Partners.
The disposal to the private equity house is expected to complete mid-2024 and the terms were not disclosed.
Read more: FTSE top trending tickers of 2023
Yellow Wood has snapped up a business which produces more than 20 personal care brands. These include Q-tips, Brut, Timotei and Tigi. In 2022 Elida brought in about £800m in revenue.
Unilever stock was about 0.6% lower in early trade on Monday.
DocuSign (DOCU)
DocuSign stock headed 12.5% higher on Friday in afternoon trade following a report by the Wall Street Journal that it is exploring a possible sale.
The report said that the talks were still in preliminary stages, citing people familiar with the matter.
DocuSign stock has struggled this year, heading to its lowest point at the end of October. It had seen a pandemic boom due to people working remotely and seeking digital solutions, but has since struggled with competitors moving into the digital signing space.
Watch: DocuSign stock jumps on reports of exploring a sale: WSJ
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