Shale driller's shares soar on reports of possible Exxon takeover and other stocks on the move

Shares in Pioneer Natural Resources PXD, -0.17% soared by 10% following a report in the Wall Street Journal that Exxon Mobil is closing in on a deal to buy the Texan shale driller for about $60 billion. Exxon Mobil XOM, -2.25% shares fell almost 2%.Shares of Levi Strauss & Co. LEVI, -1.64% dropped 2% after the retailer late Thursday cut its outlook for the full year and its executives noted a “continued softness in the wholesale channel, primarily in the U.S.

Shares in Tesla TSLA, -0.43% fell 1% after the automobile maker cut the price of its Model 3 cars from $40,240 to $38,990 and dropped the cost of its model Y electric vehicles from $50,990 to $45,990 in the U.S. Philips PHG, +0.56% shares dropped 8% after the U.S. Food and Drug Administration called for more testing of its recalled sleep and respiratory devices, following concerns about foam used in millions of recalled products.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Pioneer Natural, Exxon, Tesla, Rivian, Levi Strauss, and More Stock Market MoversA report says Exxon Mobil is close to acquiring Pioneer Natural Resources in a deal that could be worth about $60 billion, Tesla is cutting prices of its...
Source: MarketWatch - 🏆 3. / 97 Read more »

Exxon in advanced talks for $60 billion acquisition of Pioneer - sourcesExxon Mobil (XOM.N) is in advanced talks to acquire Pioneer Natural Resources (PXD.N) in a deal that could value the Permian shale basin producer at about $60 billion, people familiar with the matter said on Thursday.
Source: Reuters - 🏆 2. / 97 Read more »