Company News for Aug 16, 2022

Zacks Equity Research

Tue, Aug 16, 2022, 9:37 AM1 min read

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The Walt Disney Co.’s DIS shares gained 2.2% after hedge fund manager Dan Loeb acquired a large stake in the company.
Shares of Cardinal Health Inc. CAH rose 0.9% after following news that activist investor Elliott Management has taken a large stake in the company.
Unity Software Inc.’s U shares tumbled 7.1% after the board rejected a bid from AppLovin Corp. APP to acquire for a consideration of $58.85 per share.
Shares of Tesla Inc. TSLA advanced 3.1% after its CEO Elon Musk said that the company produced more than 3 million electric vehicles.

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Company News for Aug 16, 2022

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