Stocks Rise Sharply After Triumph Group Announces $3 Billion Acquisition

Shares of Triumph Group Inc. surged 36.5% to $25.57, leading a rally of other stocks including MDJM Ltd, which jumped 194%, and Reborn Coffee Inc., which rose 65.6%. The deals come as Warburg Pincus and Berkshire Partners agree to acquire the company in an all-cash transaction valued at approximately $3 billion. Other notable movers included Blue Hat Interactive Entertainment Technology, SilverBox Corp IV, William Penn Bancorporation, and Kingsoft Cloud Holdings Limited. Conversely, losers were led by Viracta Therapeutics Inc., which fell 49.2% to $0.0770, followed by Cyngn Inc., Heramba Electric plc, Perfect Moment Ltd, Envirotech Vehicles Inc, Focus Universal Inc, Unisys Corporation, AleAnna Inc, and Torrid Holdings Inc.

Source: https://www.benzinga.com/25/02/43429192/why-triumph-group-shares-are-trading-higher-by-over-36-here-are-20-stocks-moving-premarket