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Company News for Dec 3, 2019

  • Intel Corp.’s INTC shares dropped 0.7% after the company declared that it has completed the disinvestment of majority of its smartphone modem division to Apple Inc. AAPL.
  • Hostess Brands Inc. TWNK climbed 2.3% after the company decided to acquire Voortman Cookies for $320 million in cash.
  • Shares of Apache Corp. APA plunged 12.3% after the company failed to inform when its newoffshore well, Maka Central #1, will be profitable.
  • Afya Ltd. AFYA shares surged 6.8% after posting third quarter fiscal 2019 adjusted earnings per share of $0.20, beating the Zacks Consensus Estimate of $0.13.

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