This post was originally published on this site
Stocks finished the day sharply in the red again to wrap up a brutal quarter. However, several rumors from around Wall Street drove trading action in a couple of names. Below we highlighted a few:
Barnes Group (NYSE:B) rose fractionally today on word that a new activist fund, Irenic Capital Management, has built a stake in the company and will push for a sale. The group thinks the stock can be worth $60 in a sale, or more than double the current price, Bloomberg News reported.
Twitter (NYSE:TWTR) gained 3% today on chatter that Hollywood super-agent Ari Emanuel is trying to broker a settlement between the social media company and Elon Musk. CNBC followed up on the rumors saying serious settlement talks between the two sides are not seen underway.
Want to get this news first? Upgrade to InvestingPro for real-time market coverage.
