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Company News for Mar 23, 2021

  • Shares of SYNNEX Corp. SNX advanced 6.5% after the company reported fiscal first-quarter 2021 adjusted earnings per share of $1.89, beating the Zacks Consensus Estimate of $1.70.
  • RLX Technology Inc.’s RLX shares slid 47.8% following news that China is going to put restrictions on e-cigarettes and other tobacco products.
  • Kansas City Southern’s KSU shares rallied 11.1% following news that the company has agreed to be bought by Canadian Pacific Railway Ltd. CP in a cash-and-stock deal worth $25 billion.
  • Shares of Starbucks Corp. SBUX rose 1.2% after the company said that it would cut water usage by half in its supply chain by 2030.

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