Biggest S&P 500 Movers on Wednesday
21 hr 42 min ago
Decliners
- Shares of the online retail platform operator eBay (EBAY) logged the top daily performance in the S&P 500, surging 9.9% after social media giant Meta (META) announced it would permit certain eBay listings to appear on Facebook Marketplace. Partnering with Meta could help boost eBay’s position in the competitive e-commerce market, while Meta’s decision to open Marketplace to eBay comes after the European Commission fined the Facebook parent in November for what regulators said were anti-competitive conditions of the online listing service. Meta shares slipped 1.2%.
- Medical device maker Boston Scientific (BSX) announced a definitive agreement to acquire Bolt Medical, a manufacturer of laser equipment for treating heart conditions. Boston Scientific already holds a 26% stake in Bolt Medical, and with the deal to purchase the remaining portion, the firm is aiming to strengthen its position in the fast-growing intravascular lithotripsy (IVL) market. Boston Scientific shares jumped 4.3% on Wednesday.
- Shares of fellow medical technology firm Medtronic (MDT) advanced 3.5% after European Union health regulators approved its transcatheter pulmonary valve replacement (TPVR) system, which has been cleared for use in the U.S. since 2021. In addition, healthcare giant Johnson & Johnson (JNJ) halted sales of its pulsed field ablation (PFA) system, which uses electrical pulses to treat abnormal heart rhythm, after…
