UPWK - Virgin Galactic swaps gainer tag for top loser while Covanta leads industrial gainers pack
Covanta leads the gainers pack on acquisition news. The stock has been steadily rising over the past month. Meanwhile, Virgin Galactic has been rapidly losing its gains it made in the prior weeks before Richard Branson's spaceflight and now leads the decliners list; the company was the top gainer last week.Industrial Select Sector SPDR (XLI) fell 1.5% over the week trailing S&P loss of 0.90%.The top five gainers in the industrial sector (stocks with a market cap of over $2B):Covanta Holding (CVA) +14.03%. The the waste-to-energy company is being taken private by EQT Infrastructure for $20.25/share, in a deal valued at $5.3B including the assumption of net debt obligations.Chinese online recruitment platform Kanzhun jumps (BZ) +13% in the last week, partially off-setting prior week loss of 21%.TFI International (TFII) +9.97%. YTD the Canadian transportation and logistics services provider has risen +93.56%.The Middleby (MIDD) +9.62% has end up getting $110M in termination fee from Ali Group on Welbilt's behalf after the company declined to raise its offer to
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Virgin Galactic swaps gainer tag for top loser while Covanta leads industrial gainers pack