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STOCKS | MGM Rises on Takeover Bid Report; SK Hynix Falls on Memory Pullback

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2026-07-13 14:45:32
MGM Resorts International (MGM) shares rose after a report about a potential takeover bid from Barry Diller, according to Bloomberg.

SK Hynix (SKHY) shares fell and other memory stocks also declined amid concerns about the sustainability of artificial-intelligence spending. The drop in South Korean trading is likely to weigh on the company’s American depositary receipts as well.

Agenus (AGEN) shares moved higher after the company said it is selling up to $3540 million worth of securities.
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