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Midday Stock Movers: Nielsen, Robinhood, IGM Biosciences Rise

Published 03/29/2022, 11:57 AM
Updated 03/29/2022, 11:59 AM

By Sam Boughedda

Investing.com -- U.S. indices are gaining Tuesday on hopes that talks between Ukraine and Russia will result in a ceasefire. Here are the midday movers on Tuesday, March 29th.

TV rating company Nielsen Holdings (NYSE:NLSN) has surged Tuesday, trading 20% higher midday after it agreed to be acquired by a private-equity consortium led by Brookfield Asset Management and Elliott Management for $28 per share. In total, the deal is around $16 billion, including debt.

Uber Technologies (NYSE:UBER) is up 6.6% after reports emerged that it is close to an agreement with a San Francisco taxi firm that will see Uber list taxis on its platform in the city. The deal would be similar to the one in New York recently announced by Uber.

Robinhood Markets (NASDAQ:HOOD) announced it is extending its trading hours by four in a push to eventually provide 24/7 trading. The company said users can now trade on the platform from 7 am to 8 pm ET. Robinhood shares have jumped 26% on the news.

IGM Biosciences (NASDAQ:IGMS) has surged 125% today after announcing a worldwide collaboration agreement with Sanofi (NASDAQ:SNY) to create, develop, manufacture, and commercialize IgM antibody agonists against three oncology targets and three immunology/inflammation targets.

Helbiz (NASDAQ:HLBZ) shares are trading 16% higher after Salvatore Palella, the company's founder and CEO, purchased 350,000 units of the company's August 2021 PIPE offering. Each unit consisted of one share of Class A Common Stock and one warrant to purchase an additional share of Class A Common Stock.

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