Bausch + Lomb Jumps Amid Reports of a Sale

1 hr 8 min ago

Bausch + Lomb (BLCO) shares popped Monday following a report that the eyecare company is considering a sale.

The contact lens producer is working with Goldman Sachs (GS) on a deal that would see it separated from its severely indebted parent Bausch Health Cos. (BHC), the Financial Times reported Saturday. Bausch + Lomb was spun off from Bausch Health in 2022.2

Bausch + Lomb’s enterprise value including debt was at just over $10 billion as of the market close Friday, the report said.

Shares of Bausch + Lomb rose nearly 14% intraday Monday, and Bausch Health stock climbed 7%.

–Andrew Kessel

Alcoa Shares Rise After Company Sells Stake in Saudi JV

2 hr 31 min ago

Shares of Alcoa (AA) jumped Monday as the aluminum giant said it was selling its 25.1% stake in a joint venture with Saudi Arabia Mining Co., known as Ma’aden.

Alcoa said the transaction will net it $1.1 billion in Ma’aden stock and cash. That includes approximately 86 million Ma’aden shares valued at about $950 million. It requires Alcoa to hold the shares for a minimum of three years.

Alcoa shares, which have risen for four consecutive sessions, were up about 7% in recent trading. The shares are up about 20% over the past year.

–Bill McColl

Berkshire Hathaway Price Levels to Watch

3 hr 7 min ago

Shares of Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) were moving higher Monday after retreating in recent weeks from from a record high set earlier this month that saw the company’s market capitalization briefly surpass $1 trillion for the first time.

During the stock's recent decline, trading volumes have decreased, indicating slowing selling momentum.

Investors should monitor important lower price levels in Berkshire Hathaway Class B shares at $446, $421, and $398, while watching the $480 area if the stock resumes its longer-term uptrend.

Read our full technical analysis piece here.

–Timothy Smith

Major Indexes Back Near End-August Levels

4 hr 20 min ago

The S&P 500, Nasdaq Composite and Dow Jones Industrial Average have recovered almost all of the ground lost during an early-September swoon. The major indexes are all less than 1% away from where they finished last month.

Nvidia Price Levels to Watch

4 hr 47 min ago

Nvidia (NVDA) shares are down in premarket trading after surging 16% last week, when investors snapped up a recent dip in the stock following favorable Wall Street commentary pointing to continuing growth opportunities amid insatiable demand for AI infrastructure.

The stock has rallied towards the top trendline of a descending channel, though the move has occurred on lackluster volume, indicating a lack of institutional activity.

Investors should monitor key overhead price levels on Nvidia's chart at $126, $136, and $166, while watching important lower price levels at $97 and $75.

Read our full technical analysis piece here.

–Timothy Smith

Futures Tied to Major Indexes Mixed

5 hr 14 min ago

Futures tied to the Dow Jones Industrial Average were up 0.3%.

S&P 500 futures were down fractionally.

Nasdaq 100 futures were off 0.4%.

Take the Next Step to Invest Advertiser Disclosure × The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.