Confluent Jumps on Report; US Rare Earth Jumps; BMW Slides
On this episode of Stock Movers:- Confluent (CFLT) shares soared as Reuters reports that the data infrastructure company is exploring a sale after receiving acquisition interest. The firm has engaged an investment bank to manage the process, Reuters reports, citing people it didn’t identify. No deal is guaranteed- IREN Ltd. (IREN) is falling after a source said it is offering a conversion premium of 30% to 35% on its $875 million offering of zero coupon bonds due 2031, according to a person familiar with the matter. AI and Bitcoin data center developer, owner and operator is marketing…
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