Here are some of the day’s biggest movers:
Stock gainers:
Shares in Pioneer Natural Resources
PXD,
soared by 10% following a report in the Wall Street Journal that Exxon Mobil is closing in on a deal to buy the Texan shale driller for about $60 billion. Exxon Mobil
XOM,
shares fell almost 2%.
Stock decliners:
Shares of Levi Strauss & Co.
LEVI,
dropped 2% after the retailer late Thursday cut its outlook for the full year and its executives noted a “continued softness in the wholesale channel, primarily in the U.S.”
Shares in Tesla
TSLA,
fell 1% after the automobile maker cut the price of its Model 3 cars from $40,240 to $38,990 and dropped the cost of its model Y electric vehicles from $50,990 to $45,990 in the U.S.
Philips
PHG,
shares dropped 8% after the U.S. Food and Drug Administration called for more testing of its recalled sleep and respiratory devices, following concerns about foam used in millions of recalled products.
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