Gainers:
Coventry Health Care Inc. (CVH) is jumping 18 percent to $41.25. Aetna Inc. (AET) has agreed to buy the company for $7.3 billion, including the assumption of debt. AET is up 1 percent to $38.50.
Decliners:
Lowe's Companies, Inc. (LOW) is falling 6 percent to $26.23. The company's second quarter profit declined from the year-ago period. Net sales for the quarter were below the consensus estimate. The company lowered its full-year earnings per share forecast, which is below Wall Stree view.
Best Buy Co., Inc. (BBY) is down nearly 4 percent to $19.50. The company announced that it has appointed Hubert Joly as its President and chief executive and a member of its board. Joly will succeed Mike Mikan, who has served in the interim role since April.
ZAGG Inc. (ZAGG) is falling more than 8 percent to $7.70. The company announced that its chief executive and Chairman Robert Pedersen has stepped down. The company has appointed President and COO Randall Hales as interim CEO and Cheryl Larabee to serve as Chairperson.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.