Company News For Sept 5, 2018

Shutterstock photo

  • Ocean Rig UDW Inc.'s ORIG shares surged 12% following news that Transocean Ltd. RIG will acquire it in a cash and stock deal worth $2.7 billion
  • Shares of Southwestern Energy Co. SWN plunged 5% following news that Flywheel Energy LLC will acquire its Fayetteville Shale E&P and related midstream gathering assets for $1.87 billion
  • Cronos Group Inc. CRON shares jumped 12.9% after the company announced thatit has entered into a new partnership with Ginkgo Bioworks to produce cultured cannabinoids
  • Shares of WPP plc WPP plummeted 8% following a warning from its CEO that profitability of the company would decline in 2018

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Southwestern Energy Company (SWN): Free Stock Analysis Report

Transocean Ltd. (RIG): Free Stock Analysis Report

WPP PLC (WPP): Free Stock Analysis Report

Cronos Group Inc. (CRON): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Investing Ideas , Stocks
Referenced Symbols: SWN , RIG , WPP , CRON

More from Zacks.com




Equity Research

Research Brokers before you trade

Want to trade FX?