Lululemon, PCTEL, Consolidated Communications, Other Stocks Jumping Higher On Monday
Portfolio Pulse from Lisa Levin
Several US stocks recorded significant gains on Monday, with PCTEL, Inc. (NASDAQ:PCTI) leading the pack with a 47.3% increase following its acquisition by Amphenol Corporation (NYSE:APH). Other notable gainers include Almacenes Éxito S.A. (NYSE:EXTO), E2open Parent Holdings, Inc. (NYSE:ETWO), Prothena Corporation plc (NASDAQ:PRTA), and Alignment Healthcare, Inc. (NASDAQ:ALHC), which saw its stock upgraded by Raymond James. Lululemon Athletica Inc. (NASDAQ:LULU) also climbed 9.8% after it was announced the stock will join the S&P 500.
October 16, 2023 | 4:08 pm
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POSITIVE IMPACT
Alignment Healthcare, Inc.'s stock price rose 17.8% after Raymond James upgraded the stock from Outperform to Strong Buy.
The upgrade by Raymond James is a significant event that directly impacts Alignment Healthcare, Inc.'s stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Amphenol Corporation's acquisition of PCTEL could potentially impact its stock price.
The acquisition of PCTEL is a significant event that could potentially impact Amphenol Corporation's stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Lululemon Athletica Inc.'s stock price climbed 9.8% after it was announced the stock will join the S&P 500.
The announcement of Lululemon Athletica Inc. joining the S&P 500 is a significant event that directly impacts its stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
PCTEL's stock price surged by 47.3% following its acquisition by Amphenol Corporation.
The acquisition by Amphenol Corporation is a significant event that directly impacts PCTEL's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100