By Investing.com Staff
Rumors drive the action of Wall Street on any given trading day. Today was no exception. Here are four rumors that were circulating around the trading desks today:
- Rocco (NASDAQ:) (NASDAQ) stock jumped 8% on takeover rumors after the company introduced a revised and reformulated severance benefit plan, which included a change of termination of control. Sometimes these changes are a prelude to a deal.
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GAP Company (NYSE:) (NYSE:) stock fell nearly 4% Thursday after Kanye West officially informed the company that it was ending their partnership. The rumors seem legitimate but no official announcement has come from the company yet.
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Rumors abound that private equity firms KKR and GIP are chasing after them Vodafone (NASDAQ: $13 billion tower unit. EQT (NYSE:) is also said to be in the unit mix. This rumor was first reported by Bloomberg News.
- Australian billionaire Brett Blondie boosted his stake in Victoria’s Secret and Co. (NYSE: Over 10% leading to rumors that something else could be brewed.
