Top Stock Movers Now: Autodesk, Fortinet, Waters, and More
Fortinet shares gained as Barclays raised its price target for the stock on optimism about the cybersecurity company's deals and a system upgrade.
Waters shares sank after the company announced a deal to buy the Biosciences & Diagnostic Solutions division of Becton Dickinson.Major U.S. equities indexes were little changed at midday Monday, as investors weighed the possible impact of the latest tariff announcements from President Trump.
Ansys (ANSS) shares rose after Chinese regulators approved Synopsys' $35 billion purchase of the chip-design software firm. Synopsys shares climbed earlier in the session, before turning lower.
Shares of Fortinet (FTNT) also gained as Barclays raised its price target for the stock on optimism about the cybersecurity company's deals and a system upgrade.
Autodesk (ADSK) shares advanced following a report the design software firm is no longer looking at a possible purchase of rival PTC (PTC). PTC shares dropped.
Waters (WAT) was the worst-performing stock in the S&P 500 after the analytics instruments maker said it was buying Becton Dickinson's (BDX) Biosciences & Diagnostic Solutions business in a Reverse Morris Trust transaction valued at $17.5 billion. Shares of Becton Dickinson also slid.
Henry Schein (HSIC) shares tumbled in the wake of a downgrade from Baird, which warned the medical products maker could lose its biggest customer.
Oil and gold futures fell. The yield on the 10-year Treasury note was slightly higher. The U.S. dollar advanced on the pound and yen, but lost ground to the euro. The price of Bitcoin hit another record high, rising above $123,000 before retreating. Prices of other major cryptocurrencies were also higher.
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