Morning Movers: Valeant Jumps on Takeover Offer; Terex Tumbles as Chinese Firm Drops Bid

December 1, 2017
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Stocks look set to end the week on a high note even as oil failed to hold above $50.

Morning Movers: Valeant Jumps on Takeover Offer; Terex Tumbles as Chinese Firm Drops Bid-1



Felipe Ariano

S&P 500 futures have ticked up 0.1%, while Dow Jones Industrial Average futures have advanced 0.1% . Nasdaq Composite futures have risen 0.2%.

Valeant Pharmaceuticals International (VRX) has jumped 8.8% to $29.30 on reports that it had rejected a buyout offer earlier this year.

Big Lots (BIG) has surged 9.2% to $48.75 after beating earnings forecasts and raising its full-year guidance.

Ulta Salon Cosmetics & Fragrance (ULTA) has climbed 7.6% to $230 after it too beat earnings forecasts and raised its guidance.

Terex (TEX) has tumbled 18% to $19.97 after China’s Zoomlionabandoned its bid for the crane manufacturer.

Deckers Outdoor (DECK) has dropped 1.7% to $48.40 after the maker of ugg australia boots beat earnings forecasts but offered full-year guidance that was below analyst forecasts. Deckers also announced that Dave Powers would replace CEO Angel Martinez, at the end of May.

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