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Company News for Jun 18, 2024

  • Shares of Autodesk, Inc. (ADSK) jumped 65.% following reports that activist fund Starboard Value has acquired a $500 million stake in the company.

  • AMC Networks Inc.’s (AMCX) shares plummed 35.1% after the company announced its plans to sell $125 million in convertible senior notes due in 2029 in a private offering.

  • Shares of Meta Platforms, Inc. (META) gained 0.5% as part of the broader tech rally.

  • Amazon.com, Inc.’s (AMZN) shares rose 0.2% on the broader tech rally.

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