Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Schneider Electric SE raised €6 billion ($6.7 billion) by selling a roughly 4.3% stake to help fund its largest-ever acquisition. The stock slid as much as 4.5% on Tuesday morning, remaining above the offering price.
- The DIY retailer Wickes said its retail business has seen a “significantly improved” performance, with revenue growth hitting 6%, while DIY sales were boosted by strong demand.
- Ocado shares rise as much 7.2% as JPMorgan analysts raise their price target to a Street-high, citing continuing operational momentum in the company’s turnaround story and further catalysts ahead.