Stocks making the biggest moves midday: Chevron, Okta, Walgreens, Spirit AeroSystems and more

Check out the companies making headlines in midday trading. Chevron — Chevron shares fell 3% after the energy giant agreed to buy Hess in a $53 billion all-stock deal , or $171 per share. The acquisition allows Chevron to develop drilling in Guyana, and it comes approximately two weeks after Exxon Mobil acquired Pioneer Natural Resources in a $59.5 billion all-stock deal. Okta – Okta's stock shed 8%, building on an 11.

Spirit AeroSystems — The aerospace company's shares gained 4.8% after Bernstein raised its rating on shares to outperform from market perform. The firm is bullish on a turnaround opportunity since Pat Shanahan was named interim CEO earlier this month. EngageSmart — The customer payment solutions company rallied 12% after private equity firm Vista Equity Partners agreed to buy the company for $4 billion, or $23 a share. The deal is expected to close in the first quarter of 2024.

Canada Canada Latest News, Canada Canada Headlines

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

Stocks making the biggest moves premarket: Chevron, Apple, Walgreens Boots Alliance and moreThese are the stocks posting the largest moves in premarket trading.
Source: CNBC - 🏆 12. / 72 Read more »

Oil stocks see broad selloff as Chevron’s buyout of Hess fails to fuel buyingTomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter TomiKilgore.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks extend slide, Chevron mega-deal, Apple slumps, 2-year auction on deck, Roivant drug saleStocks slide, Chevron mega-deal, Apple, 2-year auction, Roivant drug sale
Source: startelegram - 🏆 248. / 63 Read more »