Market Updates
U.S. Movers: Getty Images, Inari Medical, Nvidia, Shutterstock, Stryker, Ulta Beauty
Scott Peters
07 Jan, 2025
New York City
Nvidia Corp. increased 2.5% to $153.21 after the advanced chipmaker released a new chip for desktop and laptop devices that uses the company's advanced architecture for artificial intelligence chips.
Getty Images jumped 46% to $3.77, and Shutterstock advanced 26.5% to $38.0 after the two companies announced a merger plan.
After the $3.7 billion merger, Getty Images' chief executive will lead the combined company, and Shutterstock shareholders have one of three options, including $28.84 in cash per share.
Ulta Beauty jumped 3.6% to $447.0 after the company revised higher its fourth quarter outlook, citing a better-than-expected holiday season.
The specialty cosmetic retailer announced the retirement of chief executive Dave Kimbell after 11 years of leading the company, and current President and COO Kecia Steelman will take over the role.
Inari Medical Inc. jumped 22% to $78.95 after a report suggested that the medical device company is in advanced talks to be acquired by Stryker for as much as $4.9 billion.
The potential merger talk was reported by Reuters, citing people familiar with the discussion.
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