MGM Rises on Takeover Bid; SK Hynix Falls on Memory Pullback | Stock Movers

Bloomberg 2026-07-13 14:39:02
Context: Shares of MGM Resorts International surged following a report of a potential takeover bid from billionaire Barry Diller, while SK Hynix's stock plummeted amid concerns over the sustainability of artificial-intelligence spending and its impact on the memory chip industry. The fluctuations in these stocks, along with others like Agenus, contributed to market volatility. This market movement was observed during the trading session.

Key Facts

  • MGM Resorts International shares rose on a report that billionaire Barry Diller was considering a potential takeover bid for the company.

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