On Tuesday, Roku, Inc. (ROKU) ended the trading at $335.18, up +5.44 percent. Roku is in early negotiations to purchase Quibi’s material collection, according to the Wall Street Journal.
Micron Technologies, Inc. (MU) increased to $77.26, up +4.33 percent. Citigroup has increased its recommendation for the stock from “Sell” to “Buy”, betting on a demand turnaround and DRAM chip rates for PCs and smartphones as early as this year.
Teledyne Technologies Incorporated (TDY) increased by +3.61% to $375.49 while FLIR Systems, Inc. (FLIR) increased to $53.14, up +1.72 percent. In a cash and equity deal estimated at $8 billion, Teledyne Technologies will acquire Flir Systems.
DENTSPLY SIRONA Inc. (XRAY) climbed +2.87% to $55.29. Dentsply Sirona is offering Byte $1.04 billion in cash.
MGM Resorts International (MGM) rose by +2.22% to $30.36. Britain’s Entain declined MGM’s bid of around $11 billion, claiming it undervalued the firm substantially.
Amazon.com, Inc. (AMZN) rose +1% to $3,218.51. The Wall Street Journal reported that Amazon has been barred from using the AWS logo in China, following a decision made in May and released on December 30, 2020. Consequently, a local court found that ActionSoft Science & Technology Development Co. owned the brand. The name AWS or any related emblem in China cannot be used by Amazon. The U.S. firm was also ordered to pay the Chinese tech company $12 million. The group of Jeff Bezos still has a right to appeal.
In addition, Amazon, Warren Buffett’s Berkshire Hathaway and JP Morgan have been putting their joint venture of Haven to an end. Haven healthcare initiative was launched in 2018 in the field of health insurance and services. At the end of next month, Haven will close its operations.
Mondelez International, Inc. (MDLZ) improved by +0.1% to $57.98. In a contract valuing the chocolate bar manufacturer for over $250 million, the well-informed Wall Street Journal understands, Mondelez International is apparently near to closing a deal to purchase Hu Master Holdings.