Veren Inc. (VRN) dropped 13.64% due to stock market plunge from China tariffs
From Yahoo Finance: 2025-04-05 02:49:00
On Friday, the stock market plunged as China imposed a 34% tariff on US goods in response to Trump’s tariffs. The S&P 500, Nasdaq, and Dow Jones dropped by over 5% each, causing widespread losses among individual stocks. Veren Inc. (VRN) was hit hard, losing 13.64% in intra-day trading.
VRN announced a $15 billion merger with Whitecap Resources Inc., with VRN shareholders receiving 1.05 common shares of Whitecap for each VRN share held. The combined company, under Whitecap’s management, aims to become a major player in the oil and gas industry, leveraging assets for improved profitability.
Despite the potential of VRN, it ranked 10th on the list of worst performing stocks on Friday. Investors may want to consider AI stocks for higher returns in a shorter time frame. One AI stock has shown growth in 2025 while others have declined, making it a promising option for those seeking investment opportunities.