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Rite Aid soars, NXP Semiconductors makes deal with Qualcomm, and Walmart misses on earnings

Yahoo Finance

Here are the charts of the day for Tuesday February 20, 2018.

Rite Aid (RAD): Shares soaring in early trade. Privately-held Albertsons plans to buy the rest of Rite Aid that isn’t being sold to Walgreens Boots Alliance. The combined companies would be worth around $24 billion.

NXP Semiconductors (NXPI): Shares are jumping in midday trading. Qualcomm announced today it has reached a deal with NXP to raise its bid for the chipmaker to $127.50 a share, or $44 billion.

Walmart (WMT): Shares are getting hit in early trade. Despite reporting holiday sales that beat expectations, the world’s largest retailer missed on earnings. Walmart blamed rising promotional costs in an effort to stave off rivals like Amazon.

For more on today’s big stock movers check out the Final Round, live at 3:55 p.m. Eastern, right here on Yahoo Finance.