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Incyte, Squarespace rise; Chimera Investment, Amazon fall, Monday, 5/13/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday:
Incyte Corp., up $4.54 to $57.60.
The specialty drugmaker announced plans to buy back up to $2 billion of its stock.
Squarespace Inc., up $5.06 to $43.25.
The software company Squarespace is being taken private in $6.9 billion all-cash deal with private equity firm Permira.
Tencent Music Entertainment Group, up $1.46 to $14.80.
The China-based music streaming platform beat analysts' first-quarter revenue forecasts.
Walgreens Boots Alliance Inc., up 93 cents to $18.12.
The drugstore chain is reportedly discussing a potential sale of historic British pharmacy Boots.
Intel Corp., up 66 cents to $30.51.
The chipmaker is reportedly in advanced talks on an $11 billion investment from Apollo Global Management.
Chimera Investment Corp., down 25 cents to $4.36.
The mortgage investor announced a 1-for-3 reverse stock split later this month.
Precision BioSciences Inc., up 86 cents to $11.50.
The gene editing company beat analysts' first-quarter financial forecasts.
Amazon.com Inc., down 91 cents to $186.57.
The internet retail giant’s self-driving robotaxi unit is the target of an investigation after two vehicles were in crashes with motorcycles.
