3 Rumors Buzzing Around Wall Street Today

Stocks continued their positive run today as earnings continued to trickle in better than expected. Today, Goldman Sachs, Johnson & Johnson, and Lockheed Martin all reported strong numbers. Amid the upside action, several rumors made their way across trading desks. Below we highlighted a few:

GameStop (NYSE: GME) gained nearly 3% after Chairman and meme stock master, Ryan Cohen, tweeted a picture of himself with billionaire investor Carl Icahn. The tweet ignited rumors Mr. Icahn could be eyeing a stake in the struggling gaming retailer.

Salesforce (NYSE: CRM) gained over 4% after activist investor Starboard Value LP disclosed a significant stake in the software maker. The activist said the company has an opportunity to significantly grow free cash flow per share over the next few years.

Colgate-Palmolive (NYSE: CL) gained 1% after Dan Loeb's activist hedge fund Third Point disclosed a new "significant" stake in the company in a letter to investors. The activist wants the Hill’s Pet Nutrition business separated from the company's consumer assets.

By StreetInsider.com Staff

Want this type of news in real-time as it happens? Upgrade to StreetInsider.com Premium Here

You May Also Be Interested In

• All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
• H.C. Wainwright Reiterates Buy Rating on MapLight Therapeutics (MPLT)
• Hertz cuts guidance, announces notes and stock offerings, shares sink