Wyndham Hotels & Resorts, Olink Holding And Other Big Stocks Moving Higher On Tuesday
Portfolio Pulse from Lisa Levin
Despite a general downward trend in U.S. stocks, several companies recorded gains. Olink Holding AB's shares rose 65.8% after Thermo Fisher Scientific announced plans to acquire the company. Wyndham Hotels & Resorts, Inc. gained 11.2% following a proposal from Choice Hotels to acquire the company for $90.00 per share. Engaged Capital has built a significant stake in V.F. Corporation, leading to a 13.4% rise in its shares. Sensient Technologies Corporation's stock jumped 6.7% after Baird upgraded the stock from Neutral to Outperform.
October 17, 2023 | 3:40 pm
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Olink Holding AB's shares rose 65.8% after Thermo Fisher Scientific announced plans to acquire the company.
The acquisition announcement by Thermo Fisher Scientific has led to a significant increase in Olink Holding AB's share price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Sensient Technologies Corporation's stock jumped 6.7% after Baird upgraded the stock from Neutral to Outperform.
Baird's upgrade of Sensient Technologies Corporation's stock from Neutral to Outperform has led to a jump in the company's share price.
CONFIDENCE 100
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
V.F. Corporation's shares rose 13.4% after Engaged Capital built a significant stake in the company.
The news of Engaged Capital building a significant stake in V.F. Corporation has led to a rise in the company's share price.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Wyndham Hotels & Resorts, Inc. gained 11.2% after Choice Hotels proposed to acquire the company for $90.00 per share.
The proposal from Choice Hotels to acquire Wyndham Hotels & Resorts has led to an increase in Wyndham's share price.
CONFIDENCE 100
IMPORTANCE 85
RELEVANCE 100