Taiwan Semi, Spirit Airlines rise; Paramount Global, Occidental Petroleum fall, Monday, 4/8/2024

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NEW YORK — Stocks that traded heavily or had substantial price changes on Monday:

Taiwan Semiconductor Manufacturing Co., up $1.50 to $142.86.

The White House pledged to provide up to $6.6 billion for the chipmaker to expand facilities in Arizona.

Apartment Income REIT Corp., up $7.07 to $38.42.

The real estate investment trust agreed to be acquired by Blackstone for $39.12 a share in cash.

Paramount Global, down 68 cents to $11.30.

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 58 cents to $198.03.

CEO Jamie Dimon’s annual shareholder letter said he continues to expect the U.S. economy to grow this year.

Model N Inc., up $2.79 to $29.88.

The Silicon Valley software company agreed to be acquired for $30 a share in cash by Vista Equity Partners.

Perion Network Ltd., down $8.42 to $12.69.

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 19 cents to $4.62.

The discount airline is deferring deliveries of aircraft from Airbus and plans to furlough 260 pilots effective Sept. 1.

Occidental Petroleum Corp., down 53 cents to $68.72.

Energy companies fell along with crude oil prices.



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Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

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