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Stocks closed lower again today but that didn’t stop rumors from pushing several issues higher during the trading day. Below we highlight 4 rumors that were circling trading floors.
1. Cano Health (NYSE:CANO) jumped 32% on rumors Humana (NYSE:HUM), CVS Health Corp (NYSE:CVS), or others are interested in acquiring the primary care provider, which is said to be exploring a sale.
2. Freshpet (NASDAQ:FRPT) gained 16% on reports from the Wall Street Journal that activist investor Jana Partners has a nearly 10% stake and plans to push it to make changes to boost its stock price and explore a sale.
3. Credit Suisse Group (NYSE:CS) shares sold off nearly 6% on reports it was considering leaving the U.S. market, which it later denied.
4. Pinterest (NYSE:PINS) was in the rumors mill again today as Elliott Management’s 9% stake was highlighted in Barron’s which discussed that the hedge fund wants to see the company sold. That said, a merger with PayPal (NASDAQ:PYPL), another Elliott stock, is said not to be on the table.
