Time for your daily dose of Trending Tickers, the stocks that you're tracking as measured by Yahoo Finance ticker searches. Making the list today:
Whirlpool (WHR) - Shares of the home appliance giant are down more than a percent after Fitch put it on "ratings watch negative." The downgrade comes after Whirlpool agreed to pay over a billion dollars for a controlling stake in Indesit Company, an Italian rival and appliance leader in Italy, Russia, and the UK. The deal comes a year after Whirlpool bought a controlling stake in a Chinese competitor for over $500 million
Mylan (MYL) - Shares of the drug company are rising after the company agreed to buy Abbott Lab's non-US generic drugs business for $5.3 billion. Mylan will combine those businesses with its current operations to form a new company based in the Netherlands of which Abbott will be a partner. Now why on earth would a fine U.S. company like Mylan do such a thing? To avoid taxes, of course. Mylan will continue be based in Pittsburgh but and trade under the current ticker. The only difference will be that the corporate tax rate will drop to 21% from the current 25%.
Kodiak Oil and Gas (KOL) - Shares of the fossil fuel explorer are roaring higher after the company announced a deal to be acquired by Whiting Petroleum. The all stock deal is valued only 5% above Kodiak's average price of the last two months. Of course being an all-stock transaction means that Kodiak investors get to take part in the combined entity's upside. The combined entity will be a diversified play on Bakken Shale. It's not the quick pop Kodiak investors may have been hoping for but today at least Wall Street likes the combination. Whiting is actually up 6%, slightly outpacing Kodiak.
Those are your Trending Tickers today. Tell us what stocks you're watching on Twitter using the hashtag #TrendingTickers.