WDR News and Press, Waddell & Reed Financial Inc. From 12/10/20

Waddell & Reed Financial (WDR) reports November AUM of $72.4B vs. $66.2B on October 31, 2020.Market appreciation added $6.66B to the AUM.Retail $68.9B, Institutional $3.4B.Press Release For further details see: Waddell & Reed Financial November AUM up 9.3% to $72.4M

Waddell & Reed Financial, Inc. (NYSE: WDR) today reported preliminary assets under management of $72.4 billion for the month ended November 30, 2020, compared to $66.2 billion on October 31, 2020. Cautionary Statement The preliminary information included in this ne...

There's ongoing consolidation in the asset management space and Victory looks like an excellent takeover target with a forward P/E of less than 6x. However, the company is bleeding AUM and booked net outflows of $17.8 billion in the first three quarters of 2020. The main reason fo...

In October there were rumors Waddell & Reed could be acquired by JPMorgan. Waddell & Reed had been associated with prior rumors but there were sufficient signs something could be going on, and I advocated for a long position. Not in the least place because Waddell & Re...

Merger activity increased last week with five new deals announced. The merger of IHS Markit and S&P Global for $44 billion. The acquisition of Slack Technologies by salesforce.com. For further details see: Merger Arbitrage Mondays: Yet Another Deal Receives A Higher ...

Acacia Communications trades above its offer price from Cisco. Sogou declines on announcement of deal extension. Merger arbitrage cash spreads post a marginal positive return for 10th straight week. For further details see: Merger Arbitrage Analysis And Spread Performanc...

Gainers: Waddell & Reed Financial (WDR) +50%. Lemonade (LMND) +16%. Ashford Hospitality Trust (AHT) +14%. WisdomTree Investments (WETF) +14%. CorEnergy Infrastructure Trust (CORR) +13%.Losers: X Financial (XYF) -8%. Dragon Victory International (LYL) -6%. Fidus Investment (FDUS) -5%. Fo...

Gainers: Ever-Glory International (EVK) +260%.Lizhi (LIZI) +89%.Nesco Holdings (NSCO) +60%.Waddell & Reed Financial (WDR) +50%.Enlivex Therapeutics (ENLV) +36%.Priority Technology (PRTH) +35%.Aemetis (AMTX) +24%.Zscaler (ZS) +24%.Aehr Test Systems (AEHR) +24%.Arlo Technologies (...

The stock market was having a decent day on Thursday with most major averages showing modest gains, but asset management firm Waddell & Reed (NYSE: WDR) was another story altogether. As of 10:30 a.m. EST, the company's stock had spiked higher by 49% on the day. After 83 year...

Phoenix New Media (FENG) +115%.Lizhi (LIZI) +97% on collaboration with Xpeng MotorsEver-Glory International Group (EVK) +85%.Nesco Holdings (NSCO) +51% after announcing acquisition of Custom Truck One Source for $1.475B.Cyanotech Corporation (CYAN) +42%.Waddell & Reed Financial ...