Fri, Aug 28, 2020 1:53 PM
NMDC share price hits upper circuit after proposed demerger
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Shares of WD-40 Company (NASDAQ: WDFC) dropped 10.7% in April, according to data provided by S&P Global Market Intelligence. And I admit that the downward move is a head-scratcher. If someone would have asked me, I would have guessed the stock would have gone up during the month because it raised its financial guidance.
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Japan's Nikkei share average jumped more than 1% on Tuesday, as investor sentiment brightened on higher bets of U.S. interest rate cuts this year while technology shares continued to dazzle. The Nikkei rose 1.57% to 38,835.10, its highest closing level since April 15. The broader Topix finished up 0.65% at 2,746.22. U.S. stocks injected fresh momentum as markets priced in a higher chance.
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News of a premium-priced buyout strapped a rocket to the share price of IT consultancy Perficient (NASDAQ: PRFT) on Monday. After the big all-cash deal was disclosed on Sunday, Perficient stock quickly zoomed higher the following day and closed that trading session more than 52% higher. Three billion-dollar price tag. Perficient is being acquired by a unit of Sweden-based investment firm EQT.
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