Taiwan Semi, Spirit Airlines rise; Paramount Global, Occidental Petroleum fall, Monday, 4/8/2024
Stocks that traded heavily or had substantial price changes on Monday: Taiwan Semi, Spirit Airlines rise; Paramount Global, Occidental Petroleum fall
NEW YORK — Stocks that traded heavily or had substantial price changes on Monday:
Taiwan Semiconductor Manufacturing Co., up $1.43 to $142.79.
The White House pledged to provide up to $6.6 billion for the chipmaker to expand facilities in Arizona.
Apartment Income REIT Corp., up $7.03 to $38.38.
The real estate investment trust agreed to be acquired by Blackstone for $39.12 a share in cash.
Paramount Global, down 91 cents to $11.06.
Controlling shareholder Shari Redstone could net $2 billion in cash in a buyout deal reportedly being discussed for the owner of CBS.
JPMorgan Chase & Co., up $1.03 to $198.48.
CEO Jamie Dimon's annual shareholder letter said he continues to expect the U.S. economy to grow this year.
Model N Inc., up $2.73 to $29.82.
The Silicon Valley software company agreed to be acquired for $30 a share in cash by Vista Equity Partners.
Perion Network Ltd., down $8.61 to $12.50.
The digital advertising company cut its full-year sales and profit forecasts, citing a drop in search ads on Microsoft's Bing search engine.
Spirit Airlines, Inc., up 29 cents to $4.72.
The discount airline is deferring deliveries of aircraft from Airbus and plans to furlough 260 pilots effective Sept. 1.
Occidental Petroleum Corp., down 52 cents to $68.73.
Energy companies fell along with crude oil prices.
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