NIO - Hot Stocks: T trades after WBD deal; MSP takeover deal; MSFT slips on analyst comment
Monday's midday trading saw AT&T (NYSE:T) mark its first day of action following the spin-off and merger that created Warner Bros. Discovery (WBD). The telecom giant gained ground in the wake of the transaction. M&A headlines also gave a lift to Datto Holding (MSP). The stock rose after the firm agreed to a takeover deal. Turning to some of the day's notable decliners, Microsoft (MSFT) experienced selling pressure following a cautious note from UBS. NIO (NIO) also dipped, dragged down by news that it has been forced to curtail production due to supply chain issues. Gainers AT&T (T) gained ground in the wake of the spin-off transaction that created Warner Bros. Discovery (WBD). On a post-split basis, the stock rose nearly 8% during intraday trading. Late last week, T closed its $43B transaction with Discovery, merging the media operations of the two companies. As a result, T broke off its
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Hot Stocks: T trades after WBD deal; MSP takeover deal; MSFT slips on analyst comment