Some Gainers On Monday

ERIC Stock
ERIC Stock

Simon Property Group INC (SPG) has gained significantly on Monday adding 5.70 percent to its stock. The big U.S. shopping centre operator will reduce its acquisition bid by 18 percent for 80 percent of the capital of rival Taubman Centers.

The stock of ride-hailing giant Uber Technologies Inc (UBER) jumped 3.36 percent), after Reuters report that the company is in talks to sell its ATG unit dedicated to autonomous driving in Aurora.

Qualcomm Incorporated (QCOM) was up 3.33 percent which has secured a license from the US government to resell the infamous Chinese Huawei with 4G ‘chips’ for cell phones. This is an exception to Washington’s restrictions on the sale to Huawei of technologies considered strategic.

Corning Incorporated (GRW) was up 3.21% on Monday. The new Valor products from the group could play a major role in protecting vaccines against Covid-19, reports the Wall Street Journal. Especially at very low temperatures, these glass cases would be more effective.

On Monday, The PNC Financial Services Group, Inc (PNC) gained 2.86 percent, confirming the reports that it has been in efforts of the acquiring the US arm of Spanish bank Banco Bilbao Vizcaya Argentaria, S.A. (NYSE: BBVA) (up 12.5 percent) for $11.6 billion.

Walmart Inc (WMT) that was up 1.26 percent on Monday announced the sale to KKR and e-commerce platform Rakuten of a majority stake in Japanese retail chain Seiyu for more than $1 billion.

Apple Inc (AAPL) rose 0.87 percent in Monday session. A campaign led by Austrian privacy advocate Max Schrems has lodged a complaint with the related Spanish and German authorities against the California-based Apple group, accusing i-Phone maker of using the data of iPhone users without their permission.

Johnson and Johnson (JNJ) stock was up 0.63 percent on Monday after launching a double-dose clinical trial of their candidate Covid vaccine to assess if the second dose prolongs its effect. The news though worked for the company’s stock to rise but not much enough like Moderna (MRNA).


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