Intel-SK Hynix Potential Tie Up; JB Hunt Slide; Brookfield RWC
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Intel (INTC) is the most actively traded stock in the premarket after Reuters reported that SK Hynix is in talks with the chipmaker about a deal that would see it manufacture memory chips in the US for the first time. SK Hynix says it’s made no decisions in response to a Reuters report that it’s in talks with Intel about a deal to make semiconductors in the US.
- JB Hunt (JBHT) shares are lower this morning after the trucking company flagged rising costs and issued a rare earnings warning at a Morgan Stanley conference.
- Reliance Worldwide (RWC) shares are moving on news Brookfield agreed to pay $3.38 a share to buy Reliance World.
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