4 rumors lighting up Wall Street today

4 rumors lighting up Wall Street today

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.

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