Market Updates
U.S. Movers: Cognizant, DXC Technology, Eli Lilly, General Motors, Oracle
Scott Peters
11 Jun, 2024
New York City
General Motors jumped 1.4% to $48.34 after the company's board authorized a $6 billion stock repurchase plan.
Eli Lilly jumped 2.4% to $887.0 after a panel of FDA advisors recommended the approval of the company's drug to treat Alzheimer, donanemab.
Oracle Corp. declined 1.2% to $124.12 ahead of the software and database developer's quarterly results after the close of regular trading.
DXC Technology jumped 2.3% to $18.88 on a report that Apollo Global and Kyndryl Holdings are nearing a bid between $22 and $25 a share for the company.
The news was first reported by Reuters and could not be independently verified.
Cognizant Technology traded down 1% to $66.25, and the company agreed to acquire Cincinnati-based Belcan for $1.3 billion in cash and stock.
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