Four rumors were circulating on Wall Street today

Four rumors were circulating on Wall Street today

By 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:

  1. 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.
  2. 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.

  3. 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.

  4. 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.

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