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Delivery Hero Falls, L'Oreal Up, Soitec Surges
Published 3 weeks, 4 days ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Uber bought out Aspex Management’s shares of Delivery Hero SE, boosting its stake to 36.83% as the ride-hailing company negotiates a deal to buy the German food-delivery platform.
- L’Oreal’s growth is reaching an inflection point, Berenberg writes in a note as upgrades its rating on the beauty company to buy after 14 months with a hold rating.
- Soitec shares climb as much as 19%, resuming their stellar year-to-date rally after three days of losses. Analysts note the French chip material company’s revenue surpassed expectations in the final quarter of the year, although full-year margins disappointed.
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