Tesla, Twitter and GE -Breaking
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© Reuters. Sam Boughedda
Investing.com — U.S. stocks are on the slide Tuesday, with the leading the charge, falling over 3%. These are the top mTuesday 26th April, idday Movers
Tesla Inc(NASDAQ) Shares fell 9.5% in the afternoon following reports that Twitter’s CEO Elon Musk would acquire it for $54.20 per share.
Twitter Inc On the other side, (NYSE:) fell 2.9% in the wake of Tuesday’s sell-off and news of the acquisition.
General Electric Company(NYSE) fell 12% in spite of exceeding revenue and topping estimates. However, it stated that inflation is a concern and there are supply chain problems.
United Parcel ServiceStock at (NYSE:) is currently 4.4% lower than Monday’s closing price, despite exceeding and revenue forecasts. Initial gains were seen in the shipping and logistics company following the release.
Sherwin-Williams CoAfter beating revenue and beat forecasts, (NYSE:) has risen 8.4%. The company stated that it feels it’s “through the worst industry supply chain challenges”.
Valero Energy CorporationAfter the refiner announced a profit, (NYSE: ) has risen 5.31%. This company was able to benefit from strong refining margins and higher fuel demand.
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