Incyte, Squarespace rise; Chimera Investment, Amazon fall, Monday, 5/13/2024

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday:

Incyte Corp., up $4.54 to $57.60.

The specialty drugmaker announced plans to buy back up to $2 billion of its stock.

Squarespace Inc., up $5.06 to $43.25.

The software company Squarespace is being taken private in $6.9 billion all-cash deal with private equity firm Permira.

Tencent Music Entertainment Group, up $1.46 to $14.80.

The China-based music streaming platform beat analysts’ first-quarter revenue forecasts.

Walgreens Boots Alliance Inc., up 93 cents to $18.12.

The drugstore chain is reportedly discussing a potential sale of historic British pharmacy Boots.

Intel Corp., up 66 cents to $30.51.

The chipmaker is reportedly in advanced talks on an $11 billion investment from Apollo Global Management.

Chimera Investment Corp., down 25 cents to $4.36.

The mortgage investor announced a 1-for-3 reverse stock split later this month.

Precision BioSciences Inc., up 86 cents to $11.50.

The gene editing company beat analysts’ first-quarter financial forecasts. Inc., down 91 cents to $186.57.

The internet retail giant’s self-driving robotaxi unit is the target of an investigation after two vehicles were in crashes with motorcycles.

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up