Icahn Enterprises, Alibaba and Northern Trust are stocks on the move.
Stock gainers: Icahn Enterprises shares IEP jumped 5%. The Wall Street Journal reported that Carl Icahn and banks finalized amended loan agreements Sunday that untie his personal loans from the trading price of his company’s shares.
Stock decliners: Alibaba shares BABA fell 1%. The Chinese internet... Here are some of the biggest movers of the day: Stock gainers: Icahn Enterprises shares IEP jumped 5%. The Wall Street Journal reported that Carl Icahn and banks finalized amended loan agreements Sunday that untie his personal loans from the trading price of his company’s shares.
Stock decliners: Alibaba shares BABA fell 1%. The Chinese internet giant said it’s not decided whether to participate in Ant Group’s buying up to 8% of its equity back at a price valuing the financial services firm at 567.1 billion yuan, or $78.5 billion. Northern Trust stock NTRS fell 3%. UBS downgraded the bank to neutral from buy, as part of a broader note in which trust banks earnings estimates were lowered on worries over a decline in deposits. UBS said on Northern Trust in particular, it’s facing increased expense pressure and is less likely to pursue stock buybacks than peers.
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WSJ News Exclusive | Carl Icahn Gets Breathing Room From Lenders Following Short-Seller AttackThe deal unties his personal loans from the trading price of Icahn Enterprises
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