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STOCK MOVERS

U.S. Movers: Home Depot, Ignyta, Sigma Labs, Walgreens Boots Alliance


Author: Mukesh Buch
ticker.com
Last Update: 10:50 AM EST December 26 2017

10:45 AM New York City, New York Home Depot plans to acquire supply chain solutions provider XPO Logistics. Ignyta agreed to be acquired by Switzerland-based cancer drug maker Roche Holding for $1.7 billion. Sigma Labs secured contract from Germany-based privately-held Laser Zentrum Nord.

Tollbooth Index slipped 36 or 0.3% to 13,810.48.

Earnings Review

The Home Depot Inc (HD) gained 82 cents to $188.97 and the home improvement retailer is planning to acquire supply chain solutions provider XPO Logistics Inc.

XPO Logistics Inc stock declined 3.1% to $87.22.

Ignyta, Inc (RXDX) surged 72.7% or $11.30 to $26.85 after the oncology medicine developer agreed to be acquired by Switzerland-based drug maker Roche Holding Ltd for $27 per share in cash or about $1.7 billion.

The transaction is expected to take place in the first-half of 2018.

Sigma Labs Inc (SGLB) surged 151.8% or $2.11 to $3.50 after the manufacturing and materials technology provider secured contract from Germany-based privately-held industrial application developer Laser Zentrum Nord GmbH for PrintRite 3D INSPECT.

Both companies did not disclose financial terms.

Walgreens Boots Alliance Inc (WBA) increased 1% or 73 cents to $73.44 after the drug retailer said that it will reduce its stake to 20% from the current 50% stake in its China joint venture.

Walgreens will sell its stake to its joint venture China-based partner Guangzhou Baiyunshan Pharmaceutical Holdings.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc