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.

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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 »