3 Rumors Flying Around Wall Street Today By Investing.com

By Investing.com Staff

The Dow and failed to hold gains today, while the Nasdaq eked out a small positive move. However, that didn’t stop multiple rumors from flying around Wall Street. Below we highlight three of them:

1. Ryder System Inc (NYSE:) shares surged 15% from Bloomberg News that P/E firm Apollo Global is exploring a takeover. Earlier in the year, the company rejected an $86/share takeover approach from HG Vora. However, financing could be a problem this time around given the current market for debt.
2. DXC Technology Co (NYSE:) failed to hold gains despite some chatter that P/E firm KKR is looking at the company. Last week rumors that the company hired a banker after an approach from an unnamed private equity firm.
3. Peloton (NASDAQ:) was back in the rumor mill as a takeover target as the company continues to execute on its own. Despite the rumors, shares still closed the day down.