By Investing.com Staff
On Tuesday, stocks witnessed a massive rally for the second time in a row, posting their best two-day rally since April 2020. Amid the upside, several rumors drove the trading actions in some select stocks. Below we have highlighted a few:
DXC . Technology (NYSE:) is back in the rumor mill today based on word from Bloomberg News that private equity firm Baring Private Equity Asia has approached the company about an acquisition. This follows a report last week from Investing.com that an acquisition price of around $45 per share is being discussed with a private equity buyer. Later in the day, DXC confirmed that it had been contacted by a “financial sponsor” and said it was engaged in preliminary discussions but said there were no assurances that an agreement would be reached.
Fashion Reselling Stock RealReal Inc. (NASDAQ 🙂 and porridge (NASDAQ: Gained more than 16% on Tuesday on news cited by this peer Bushmark a company (NASDAQ:) It was acquired by the Korean e-commerce giant Naver for $1.4 billion. The news prompted analysts to ask “who’s next” in the sector.
Amazon (NASDAQ: It is said to be freezing corporate hiring in the retail business for the rest of the year, The New York Times reports. Amazon’s cloud computing unit is not expected to be affected.
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