By Investing.com Staff
Stocks closed lower again today but that didn’t stop rumors from driving several releases higher during the trading day. Below we highlight 4 rumors that have been circulating around the trading floors.
1. Kano Health (NYSE: 🙂 jumped 32% due to rumors of Humana (NYSE:), CVS Health Corp (NYSE:), or others interested in acquiring a primary care provider, which is said to be exploring a sale.
2. Freshpet (NASDAQ 🙂 Reports from the Wall Street Journal that activist investor Jana Partners has nearly 10% of the stock and plans to push it to make changes to increase its share price and explore a sale has gained 16%.
3. Credit Suisse Group (NYSE: 🙂 shares sold nearly 6% on reports that it was considering leaving the US market, which it later denied.
4. Pinterest (NYSE:) It was at the rumor mill again today that Elliott Management’s 9% stake in Barron’s was highlighted discussing that the hedge fund wanted to sell the company. However, a merger with PayPal (NASDAQ:), another Elliott stock, is said to be off the table.