Electronic Arts Rises, Lockheed Martin Gains, Occidental Petroleum Up After OxyChem Report
On this episode of Stock Movers:
- Electronic Arts (EA) shares rise after news that a group of investors including the Saudi sovereign wealth fund will acquire Electronic Arts in a leveraged buyout that values the company at $55 billion.
- Lockheed Martin (LMT)/ and other Defense stocks rose after the Wall Street Journal reported that the US Department of Defense is pushing missile suppliers.
- Occidental Petroleum (OXY) shares are up after the Financial Times reported that the company is in talks to sell its OxyChem petrochemical unit in a deal worth at least $10 billion.
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