In the list of companies making stock prices movements, the first company in Meredith has reportedly recorded a 6% rise in share prices. The rise in the share prices came after news of the acquisition of the company’s two major businesses by IAC/InterActiveCorp. The first business is the magazine and the other one is the digital space. The sources have revealed that the deal between the two companies is going to be finalized in an all-cash transaction. In order to finalize the deal, IAC/InterActiveCorp will be paying $42.18 per share. IAC has announced that once the acquisition is complete, the company will be renamed, Dotdash Meredith. More prominent brands will be added to the company such as People and Better Home & Gardens. Since the announcement, the share prices for IAC have also surged, experiencing a 7% rise.
Healthcare Trust of America is the next company that has reportedly experienced 2.9% in share prices. This increase was observed after a report was shared by Bloomberg in regards to one of the major investors pushing for a review of the company’s policies. The report publishing firm revealed that Elliot Management, prominently known as an activist investor demanded a strategic review to be conducted, which would eventually lead to more developments. The major development would be the real estate investment trust getting sold in the process.
Rocket Lab USA comes next as a company observing a significant rise. The data shows that the share prices for the company have experienced a 10% rise on the premarket trading on Wednesday, October 13, 2021. The rise followed up after great news and achievement shared by the Rocket Lab executives. It was revealed that Rocket Lab has successfully won a contract from NASA. The contract would see the company working towards a project, which is Advanced Composite Solar Sail System. Once initiated, the project will be working as a rideshare mission and it has been confirmed that the missions will start going for lift-off in the middle of 2022.
Then there are major Chinese companies that are listed on the US Stock Exchanges experiencing a significant rise in share prices. The sources reveal that companies such as JD.com, Baidu, and Pinduoduo have experienced the highest rise in premarket trading. The rise was recorded after an announcement was made by the presidents of both countries (China and the United States). The announcement was in regards to both presidents holding their first-ever summit together. According to reports, the summit will be held by the end of 2021 and it will be held virtually. Since the announcement, share prices for JD.com have recorded over 6% rise, Baidu has recorded a 4% rise, and Pinduoduo has recorded over 6% rise.