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Company News for Aug 16, 2022

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

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