Try the businesses making headlines in noon buying and selling. Chevron — Chevron shares fell 3% after the vitality large agreed to purchase Hess in a $53 billion all-stock deal , or $171 per share. The acquisition permits Chevron to develop drilling in Guyana, and it comes roughly two weeks after Exxon Mobil acquired Pioneer Pure Assets in a $59.5 billion all-stock deal. Okta — Okta’s inventory shed 8%, constructing on an 11.6% loss throughout Friday’s session after the cybersecurity agency mentioned hackers accessed its help system and seen shopper information. Each Citi and Evercore ISI mentioned the corporate may endure within the close to time period from the assault. Pinterest — The digital platform’s shares added 2% on the again of an improve to purchase from maintain by Stifel. The agency mentioned the corporate has “loads of room for development” exterior the U.S. market. Walgreens Boots Alliance — Shares popped 5.4% Monday after JPMorgan upgraded shares to chubby from impartial and raised its value goal. The agency mentioned it believes Walgreens can take away a number of overhangs within the coming quarters and enhance its efficiency. e.l.f. Magnificence — Shares added 5% after Raymond James upgraded shares to sturdy purchase from outperform in a Monday word. Analyst Olivia Tong mentioned the corporate’s development stays on monitor to outpace its classes and retail scanner gross sales. Tong additionally highlighted e.l.f.’s acquisition of skincare model Naturium as an enchancment to the corporate’s combine. Spirit AeroSystems — The aerospace firm’s shares gained 4.8% after Bernstein raised its ranking on shares to outperform from market carry out. The agency is bullish on a turnaround alternative since Pat Shanahan was named interim CEO earlier this month. EngageSmart — The shopper fee options firm rallied 12% after non-public fairness agency Vista Fairness Companions agreed to purchase the corporate for $4 billion, or $23 a share. The deal is predicted to shut within the first quarter of 2024. Textainer Group Holdings — Shares of the marine cargo containers firm surged 44% after different funding agency Stonepeak mentioned it could purchase the leasing container firm in a deal valued at $7.4 billion. Textainer shareholders will obtain $50 per share in money. Extremely Clear Holdings — Shares declined 7%, reaching a brand new 52-week low, after the corporate posted preliminary third-quarter earnings per share that have been decrease than Extremely Clear’s earlier steering. Extremely Clear, which develops elements and subsystems for the semiconductor business, cited a pointy decline in enterprise quantity for its companies section. FMC Company — The insecticide firm’s shares tumbled 12% after FMC issued third-quarter steering that is decrease than what it initially referred to as for. FMC additionally lowered its fourth-quarter and full-year income steering. The revised outlook stemmed from decrease gross sales quantity in Latin America, in addition to ongoing world destocking results. — CNBC’s Pia Singh, Samantha Subin, Alex Harring and Sarah Min contributed reporting.
