Monday's Major Stock Movers
Hertz (NYSE: HTZ) traded up over 9% on Monday after the company announced that it would be acquiring Dollar Thrifty for $87.50. Hertz said that it expected to see cost synergies amounting to at least $160 million.
Tiffany's (NYSE: TIF) reported its second-quarter earnings results on Monday and lowered its guidance for the full-year. Despite the miss, shares traded up nearly 8% as the report may have proven to be less negative than anticipated.
Valero (NYSE: VLO) traded up almost 5% on Monday after the firm was upgraded at Simmons & Co to Overweight from Neutral. Various refinery shutdowns could have also affected the name.
Donaldson (NYSE: DCI) also saw a decent rally on Monday, as shares moved up as much almost 5%. The company reported earnings that fell largely in-line and provided decent guidance.
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