Deere Jumps, Herbalife Gains, EBay Rises on News of Depop Purchase
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Show Notes
On this episode of Stock Movers:
- Deere (DE) shares jumped as the world’s largest farm-machinery maker boosted its annual profit outlook, anticipating a long-awaited upturn in the agriculture economy.
- Herbalife (HLF) shares are higher after news that Cristiano Ronaldo is investing in a digital platform owned by Herbalife, spending $7.5 million on a 10% stake in HBL Pro2col Software LLC.
- EBay (EBAY) shares rose on news that the company agreed to buy Depop for about $1.2 billion to attract younger shoppers and stand out in an increasingly cluttered e-commerce market.
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