On July 1, Allison Transmission was announced to be added to the S&P MidCap 400 index, leading to a rise in its shares. On July 2, Genuine Parts shares surged 13% following a report that O'Reilly Automotive submitted a cash bid for its auto-parts division, which could value the division at $10 billion or more. On the same day, O'Reilly Automotive's stock declined by 4.4% following the news of the bid. On July 7, Trimble shares gained following reports that the company is looking to sell its transportation and logistics unit.
Trimble stock rises following reports that the company is exploring a sale of its transportation and logistics division to unlock value.
Read the full storyGPC shares rallied after reports indicated O'Reilly Automotive submitted a cash bid exceeding $10 billion for its auto-parts division.
Allison Transmission shares rose after being selected for inclusion in the S&P MidCap 400 during periodic rebalancing, reflecting its meeting of market cap and liquidity criteria.