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JM Smucker Falls, McDonalds Drops, Novo Nordisk Gains After Report of Parvus Stake - Stock Movers
On this episode of Stock Movers: JM Smucker (SJM) shares fall after the company said it expects adjusted earnings of up to $9.50 a share, reduced by $1 a share due to higher coffee costs and US tariffs. The company raised coffee prices in May and plans to do so again in August, which is expected to hurt demand this year. McDonalds (MCD) shares drop after Redburn Atlantic downgraded the company to a sell rating, citing concerns over shifting cons…
Novo Climbs After FT Reports Activist Parvus Amassed Stake
Novo Nordisk A/S shares rose to the highest level in more than two months after a report that activist hedge fund Parvus Asset Management has built a stake as the Danish drugmaker struggles to keep its lead in the obesity market.
Financial Times
Activist hedge fund builds stake in Ozempic-maker Novo Nordisk
Parvus shows interest in Danish drugmaker that is hunting for new chief following share price slump
Parvus AM took a ticket from the capital of the Danish laboratory. With the intention of weighing on the designation of the future general manager.
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