NYSE:URI - New York Stock Exchange, Inc. - US9113631090 - Common Stock
Explore this week's top-performing mid-cap stocks, including H&E Equipment Services' impressive 100.59% surge following an acquisition announcement by United Rentals. Discover why stocks like SEMrush and Blueprint Medicines also experienced significant gains, impacting investment portfolios positively.
These 11 large-cap stocks saw significant growth last week, with notable news from companies such as Johnson & Johnson, MicroStrategy, and United Rentals.
Many stocks flashed buy signals as the major indexes rose to or above key levels.
Top S&P500 movers in Tuesday's session
Shares of equipment rental company United Rentals (NYSE:URI) jumped 5.3% in the pre-market session after the company announced it would acquire H&E Equipment Services (HEES) for $92 per share in cash, valuing the deal at approximately $4.8 billion, including $1.4 billion in net debt.
Let's have a look at what is happening on the US markets in the middle of the day on Tuesday. Below you can find the top S&P500 gainers and losers in today's session.
United Rentals plans to commence a tender offer by Jan. 28, 2025, to acquire all of the outstanding shares of H&E common stock.
United Rentals announced early Tuesday it has agreed to acquire H&E Equipment Services for $4.8 billion.
United Rentals Inc. agreed to buy H&E Equipment Services Inc. for $3.4 billion in cash, gaining a fleet of equipment to serve construction and industrial markets.
Over the past six months, Trimble has been a great trade, beating the S&P 500 by 16.8%. Its stock price has climbed to $69.30, representing a healthy 21% increase. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.