In the News: Comcast Corporation, Wynn Resorts, Limited, and Investment Technology Group

Comcast Corporation (CMCSA), Wynn Resorts, Limited (WYNN), and Investment Technology Group (ITG) are just some stocks making headlines

by Andrea Kramer

Published on Jul 30, 2015 at 2:41 PM

Facebook Inc (NASDAQ:FB) and Procter & Gamble Co (NYSE:PG) aren't the only companies making headlines today. So too are media mogul Comcast Corporation (NASDAQ:CMCSA), casino concern Wynn Resorts, Limited (NASDAQ:WYNN), and brokerage operation Investment Technology Group (NYSE:ITG). 

CMCSA's NBCUniversal unit is apparently about to infuse popular website BuzzFeed with a cool $250 million. CMCSA is also reportedly set to invest in Re/code parent Vox Media. CMCSA was last seen 0.1% higher at $62.56. Meanwhile, Walt Disney Co. (NYSE:DIS) -- a one-time BuzzFeed buyout candidate -- just hit a record best $120.33. Are traders hoping for a live-action Star Wars show on Netflix, Inc. (NASDAQ:NFLX)? 

Elsewhere in M&A Land, buyout buzz surrounding Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT) and Intercontinental Exchange Inc (NYSE:ICE) was just squashed, while Penn Virginia Corporation (NYSE:PVA) said it has yet to receive a "credible bid."

Casino stocks are on fire this afternoon, and WYNN is no exception. The shares were last seen flirting with a 7.6% lead at $103.27, after the company reported quarterly earnings and said Wynn Palace -- its $4 billion resort in Cotai, Macau -- will open on March 25. (Meanwhile, Steve Wynn had a few words for on the Chinese government's market interference.) 

Finally, ITG has plunged 23.3% to $18.40, after the firm said it's prepared to pay $20.3 million for a "dark pool" settlement with regulators. The stock has been relegated to the short-sale restricted list, along with Stratasys, Ltd. (NASDAQ:SSYS).

 


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