Skyworks Solutions IncSkyworks shares surged 13.6% as CEO Philip Brace expressed confidence the $22 billion Qorvo merger could close by late September or early October.
Forgent Power Solutions shares jumped 9.5% after the company reported fourth-quarter fiscal 2026 adjusted earnings of 25 cents per share, beating the Zacks Consensus Estimate of 23 cents. Skyworks Solutions shares surged 13.6% as CEO Philip Brace expressed confidence that the $22 billion Qorvo merger could close by late September or early October, while Qorvo shares advanced 9.3%. Axon Enterprise shares slipped 9.8% after announcing plans for a $1 billion debt issuance, adding to investor concerns over borrowing costs. Valero Energy shares rose 3.7% as surging crude prices boosted energy stocks amid escalating Middle East supply concerns.
Skyworks Solutions IncSkyworks shares surged 13.6% as CEO Philip Brace expressed confidence the $22 billion Qorvo merger could close by late September or early October.
Qorvo IncQorvo shares advanced 9.3% as CEO Brace expressed confidence the $22 billion Skyworks-Qorvo merger could close by late September or early October.
Axon Enterprise Inc.Axon announced a $1 billion debt issuance, adding to investor concerns over borrowing costs.
Forgent Power Solutions, Inc.Forgent Power shares jumped 9.5% after reporting Q4 fiscal 2026 adjusted EPS of 25 cents, beating the Zacks Consensus Estimate of 23 cents.
Valero Energy CorporationValero rose 3.7% as surging crude prices boosted energy stocks amid escalating Middle East supply concerns.