Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Estee Lauder (EL) stocks sank after a report that the company is nearing a deal to acquire Puig Brands, a Spanish beauty firm. The companies both confirmed that they are in talks about a combination, while not offering more details. A transaction could be announced as soon as Monday, the Financial Times said citing people familiar with the matter. The exact terms of the potential deal weren’t known, according to the people.
- Norwegian Cruise Line (NCLH) gained 8% to $20.46 as shares of cruise companies traded higher in response to a decline in the cost of oil.
- Flutter Entertainment (FLUT) shares jumped 7.6% in premarket trading. To fully re-hedge all open option positions coming into the day, 208,477 shares, or 7.4% of the daily average, will need to trade.
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