Stocks making the biggest moves midday: Target, Urban Outfitters, Tesla, Shopify and more

Check out the companies making headlines in midday trading: Target — Shares of the retailer pulled back more than 8% after a first-quarter earnings miss, underscored by a 3% year-over-year decline in sales. Analog Devices — Stock in the semiconductor manufacturer surged more than 10% after second-quarter results beat analysts’ estimates. Massachusetts-based Analog reported adjusted earnings per share […]

RXO to buy UPS’s Coyote Logistics for $1 billion, shares surge

United Parcel Service (NYSE:UPS) announced Sunday it will sell its Coyote Logistics business unit to RXO (RXO) for $1.025 billion. RXO shares surged more than 14% in premarket trading Monday. Per RXO’s announcement, the deal will be financed through a combination of equity and debt, including a $300 million equity investment from MFN Partners and a […]

MTN Uganda to sell shares left over from undersubscribed 2021 IPO

Telecom firm MTN Uganda (MTNU.UG), opens new tab plans to sell shares left over from its deeply undersubscribed 2021 Initial Public Offering to local investors to expand local ownership and comply with regulatory requirements, it said on Saturday. The Uganda unit of South Africa’s MTN Group (MTNJ.J), opens new tab has received regulatory approval for the extra share sale, […]