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Morning Market Movers

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Stewart Enterprises (NASDAQ: STEI) shares advanced 33.98% to $13.05 after the company agreed to be bought by Service Corporation International (NYSE: SCI) for $13.25 per share in cash.

Smithfield Foods (NYSE: SFD) surged 25.11% to $32.49 after the company agreed to be bought by Chinese Shuanghui Group for around $4.8 billion.

Ballard Power Systems (NASDAQ: BLDP) climbed 20.77% to $2.21 after the company signed a non-binding Memorandum of Understanding (MOU) with Azure Hydrogen for fuel cell bus development.

Aegerion Pharmaceuticals (NASDAQ: AEGR) surged 14.14% to $69.33 after JPMorgan lifted its price target on the stock from $48 to $69.

Posted-In: Morning Market MoversNews Intraday Update Markets Movers

 

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