Clorox stock falls after detailing cyberattack hit and other stocks on the move

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Business News News

Orchard Therapeutics, Clorox and Rivian Automotive stocks were on the move.

Orchard Therapeutics shares ORTX, -0.61% nearly doubled, to $15.79, after agreeing to be purchased by Kyowa Kirin 4151, -0.24% for at least $16 per share in cash, plus an additional contingent value right of $1 per share.Clorox Co. shares CLX, +1.21% fell 5% after the company slashed its outlook following disruptions caused by a cyberattack first reported in August.

Shares of Rivian Automotive Inc. RIVN, +9.22% slid 9% after the EV maker said it plans to offer $1.5 billion worth of “green” convertible senior notes due in 2030, and issued preliminary sales estimates that met Wall Street’s expectations. Rivian stock rose by 9% on Wednesday. Exxon Mobil XOM, -3.74% shares fell 1%. The company said rising crude prices are likely to boost its third-quarter profit by $1 billion, but thinner margins from chemicals will hurt profits by as much as $600 million. Analysts at RBC say that the update from Exxon is likely to result in earnings above consensus expectations but roughly in line with investor expectations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rivian, Tesla, Clorox, BlackBerry, and More Stock Market MoversRivian stock falls after saying third-quarter revenue would be in line with analysts' estimates and announcing an offering of $1.5 billion in convertible...
Source: MarketWatch - 🏆 3. / 97 Read more »

Clorox says cyberattack will impact first-quarter net sales, earningsClorox revealed Wednesday how much it anticipates the cyberattack that the company recently experienced will weigh on its first-quarter financial performance.
Source: FoxBusiness - 🏆 458. / 53 Read more »