TriCo Bancshares Rises, SK Hynix Drops, Humana Gains as Wells Fargo Upgrades on Moderating Cost Trends
On this episode of Stock Movers:- TriCo Bancshares (TCBK) shares rise. First Hawaiian agreed to acquire TriCo in an all-stock transaction valued at $63.12 per share based on Friday’s closing price. Upon closing, First Hawaiian and TriCo shareholders are expected to own approximately 65% and 35%, respectively, of the combined company.- SK Hynix (SKHY) ADRs plunge. An AI-fueled stock rout in South Korea spilled over into the US market Monday. The decline came after shares of SK Hynix plunged a record 15% in South Korea, sending the benchmark Kospi index down 9% and triggering a…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.