Valero Energy Rises, Newmont Drops, Mobileye Jumps on Mentee Acquisition
On this episode of Stock Movers:
- Valero Energy (VLO) shares rise after news that the company is expecting to increase gasoline imports to the San Francisco Bay Area, as the company moves forward with plans to close a refinery in the region but stops short of fully exiting Northern California for now.
- Newmont (NEM) shares drop after the world’s top gold producer cut first-quarter output expectations because a wildfire damaged infrastructure at a key mine in Western Australia.
- Mobileye (MBLY) shares jump after news the company is acquiring Israeli startup Mentee Robotics in a cash-and-stock deal valued at $900 million to expand its robotics capabilities.
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