Wendy’s Surges in Premarket as Retail Traders Launch “Save Wendy’s” Meme Campaign
High short interest, new CFO appointment, and activist investor Trian fuel the rally.
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#News-Driven Stocks↓
Varonis Shares Surge as Blackstone, Thoma Bravo, and Vista Eye Potential Takeover
Varonis Systems shares jumped after Bloomberg reported the data security company is exploring a potential sale to major private equity firms including Blackstone, Thoma Bravo, and Vista Equity.
SPS Commerce Explores Sale After Activist Investors Turn Up the Heat
The company is working with Morgan Stanley, with private equity firms expected to show interest.
Edgewell Rebuffs Yellow Wood’s $30/Share Acquisition Proposal Amid Portfolio Shift
Shares surged 10% after the news as the company focuses on its core grooming and sun care portfolio.
Citi Stays Bullish on Roblox Despite Stock Drop and Weak CCU Trends
Despite launching Grow a Garden 2, Roblox saw a 5% year-over-year decline in users. Citi maintains a Buy rating and a $70 price target amid Q2 concerns.
Qualcomm Nears $4 Billion Acquisition of AI Startup Modular
The deal would boost Qualcomm’s AI software capabilities and challenge NVIDIA’s dominance in AI inference.