Shares of Cooper Tire & Rubber (CTB) traded almost 30% up, Burning Rock Biotech (BNR) grew 25.33%, while Goodyear Tire went up 16.82% among other stocks making the headlines. We have highlighted below some of the reasons for the price movements.
Cooper Tire & Rubber Co. (CTB)
Shares of CTB traded higher after the company announced it will be acquired by Goodyear for $41.75 per share in cash and 0.907 shares of Goodyear stock. CTB grew 29.40% after opening at $52.40 to close at $56.64.
Burning Rock Biotech Ltd (BNR)
BNR shares rose went up 25.33% in Monday’s session after trading within their normal range. It opened trading at $31.25 to close at $39.58 per share price.
Goodyear Tire & Rubber Company (GT)
Goodyear shares traded higher following the company’s announcement that it will acquire Cooper Tre for $41.75 per share in cash and 0.907 shares of its stock. It started trading at $13.52 to close at $16.82 per share price.
Trivago NV (TRVG)
Shares of Trivago alongside several companies in reopening sectors such as theme park, travel, hotel, and cruise traded higher as the rate of new covid-19 cases dropped amid the vaccine rollout. Multiple airlines were also upgraded by Deutsche Bank, which is also boosting sentiment. TRVG grew 19.94% opening at $3.42 to close at $4.15 per share price.