3 Rumors Buzzing Around Wall Street Today

By Investing.com Staff

Stocks experienced gains on Wednesday, even as minutes from the latest Federal Open Market Committee (FOMC) meeting indicated that the Federal Reserve remains intensely focused on controlling inflation. Amid this positive momentum, rumors circulated throughout Wall Street. Here are a few noteworthy highlights:

ACI Worldwide, Inc. saw a rise of over 13% following reports that it is in discussions with private equity firms regarding a possible sale.

Jefferies Financial Group experienced an increase of more than 13% after news emerged that Japan’s SMFG is considering acquiring a larger stake in the U.S. securities firm.

Aurinia Pharmaceuticals also climbed over 13% amid speculations of a potential takeover interest from companies like Bristol-Myers Squibb. Traders referred to a speculative article that appeared in a publication focused on mergers.

This looks to be a day of notable movements driven by speculation and market interest.