Autodesk stock surged after activist fund acquired stake, while AMC Networks saw drop.

From Nasdaq: 2024-06-18 09:35:00

Shares of Autodesk, Inc. (ADSK) surged 65% after activist fund Starboard Value acquired a $500 million stake. Conversely, AMC Networks Inc. (AMCX) saw a 35.1% drop following plans to sell $125 million in convertible senior notes. Meta Platforms, Inc. (META) gained 0.5% and Amazon.com, Inc. (AMZN) rose 0.2% in a tech rally.

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Read more at Nasdaq: Company News for Jun 18, 2024