5 Rumors Being Floated on Wall Street Today

Despite a major swoon in stocks after the Fed raised interest rates 75 bps and indicated that more hikes are approaching, several rumors made their way around Wall Street today.

1. DXC Technology (NYSE: DXC) gained on reports it hired advisers after receiving takeover interest, according to Bloomberg, citing people familiar with the matter.

2. Occidental Petroleum (NYSE: OXY) was on rumor watch on word its Chairman, Stephen Chazen, has taken ill. Warren Buffett's Berkshire has been a large buyer of the stock and rumors have it that he will eventually acquire the entire company.

3. Chindata Group Holdings Ltd. (NASDAQ: CD) was higher in early trading amid reports from DealReporter that the company hired Morgan Stanley to assess potential asset sales or a take private.

4. SilverBow Resources, Inc. (NYSE: SBOW) saw vague takeover rumors after the company adopted a rights plan.

5. Google (NASDAQ: GOOGL) was said to acquire Israeli-startup BreezoMeter for $200 million, according to reports from Calcalist

By StreetInsider.com Staff

You May Also Be Interested In

• T-Mobile (TMUS) Tops Q2 EPS by 27c; offers outlook
• IBM to acquire HRL Laboratories in quantum computing push
• T-Mobile shares slide on Q2 revenue miss; free cash flow outlook raised