Weekly Roundup: Genuine Parts Jumps , Apple Rises, Chip Stocks Fall
On this episode of Stock Movers, we take a look at some of the week's biggest gainers and decliners: - Shares of Genuine Parts (GPC) are up about 7% while shares of O'Reilly Automotive (ORLY) are down about 2% after Bloomberg said Genuine has attracted a cash bid for its auto parts unit from O'Reilly. -Apple (AAPL) stock rose more than 4% to end the week, outperforming a sharply weaker technology sector. The technology giant is in negotiations to buy chips from two Chinese semiconductor makers on a Pentagon blacklist to help reduce the impact of a global memory shortage that’s forced…
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