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WestRock shares rise on potential merger, Apple slides on China concerns, and other movers Thursday

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WestRock and Apple are among Thursday's movers

WestRock Co.’s WRK, +4.66% stock gained more than 5% amid merger talks with Smurfit Kappa. In a statement released Thursday Smurfit Kappa confirmed that the companies’ boards discussing a potential combination to create Smurfit WestRock. The merger would create “a global leader in sustainable packaging,” according to Smurfit Kappa.

UiPath Inc. shares PATH, +10.30% rose more than 10% after the AI startup’s earnings beat and stock buyback outweighed its conservative outlook.Shares of C3.ai Inc. AI, -12.76% slumped more than 13% after the AI stalwart reported quarterly results that generally met analyst forecasts.

 

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