Two Harbors Investment Corp. (TWO) shares surged 11.25 percent, gaining $1.11 to trade at $11.02 on Wednesday, after UWM Holdings Corporation announced it will acquire Two Harbors in an all-stock transaction valued at approximately $1.3 billion. The stock was trading at $11.02, compared with a previous close of $9.91 on the New York Stock Exchange. Shares opened at $10.84 and moved within a day's range of $10.73 to $11.24. Trading volume totaled about 13.53 million shares, sharply above the average volume of roughly 1.59 million. Two Harbors is now trading toward the upper end of its 52-week range of $9.30 to $14.28.
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December 12, 2025 15:14 ET Central bank decisions dominated the economic news flow this week led by the Federal Reserve. Trade data from the U.S. also gained attention. The Canadian and Swiss central banks also announced their interest rate decisions. Inflation data from China was in focus as the country released the latest consumer price and producer price data.