Twitter (TWTR), Synchrony Financial (SYF) and Valero Energy (VLO) and were the top three S&P 500 index gainers on the stock market today. Charles Schwab (SCHW), Modern (MRNA) and Tractor Supply (TSCO) were the S&P 500’s biggest losers on Monday.
TWTR stock rallied 7.5% to 48.45. A Twitter takeover remains in focus. The company’s social media board OK’d a poison pill provision to thwart a Tesla CEO Elon Musk, who has unofficially offered $ 54.20 a share for Twitter. That could be an effort to solicit a higher bid, either from Musk or a third party.
After the close, TWTR stock rose slightly on a Wall Street Journal report that buyout giant Apollo Global (APO) is mulling taking part in a Twitter bid. Apollo, which owns Yahoo, could help a Musk bid or work with another party such as Thoma Bravo.
SYF stock popped 6.2% to 40.03, reclaiming its 50-day moving average. Synchrony Financial, which has an online bank and is the largest provider of private-label credit cars, beat earnings views early Monday. It also hiked its dividend by 5% and added $ 2.8 billion to its SYF stock buyback.
VLO stock gained 5.2% to 110.35, and fresh high. Refinery giant Valero Energy and other energy stocks rallied Monday as crude oil and natural gas prices continued to climb.
S&P 500 Losers
SCHW stock plunged 9.4% to 74.94. Before Monday’s open Charles Schwab reported weaker-than-expected earnings and revenue, as trading revenue declined and rose expenses. Schwab stock gapped below its 200-day line and tumbled to a six-month low.
MRNA stock sank 6.5% to 154.75, back below its 50-day line. Modern stock is down sharply from its August 2021 all-time high of 497.49.
TSCO retreated 4.7% to 217.53 after slumping 3.85% on Thursday. Tractor Supply stock, which already fell below a handle entry on Thursday, skidded below a double-bottom buy point and its 50-day line on Monday. Tractor Supply earnings are due Thursday.
Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more.
YOU MAY ALSO LIKE:
Why This IBD Tool Simplifies The Search For Top Stocks
Catch The Next Big Winning Stock With MarketSmith
Want To Get Quick Profits And Avoid Big Losses? Try SwingTrader
Best Growth Stocks To Buy And Watch
IBD Digital: Unlock IBD’s Premium Stock Lists, Tools And Analysis Today
Tesla Vs. BYD: Which Booming EV Giant Is The Better Buy?