Stocks Jump on Budget Optimism
Knight's board is expected to get takeover offers as early as this week from Virtu and Getco, two high-speed trading firms. Knight Capital shares soared 15.2%.
PVH (PVH) , the owner of brands such as Calvin Klein and Tommy Hilfiger, said Tuesday that fiscal third-quarter profit rose 47%. Shares rose 6.6%.
Medley Capital (MCC) shares fell 4.3% after the firm announced the public offering of 5 million shares of its common stock at a $13.75 a shares, with the intention of using proceeds to repay a portion of its outstanding debt.
Akamai Technologies (AKAM) shares tacked on 3.8% after being upgraded to overweight from neutral at Piper Jaffray.
-- Written by Andrea Tse and Joe Deaux in New York.
>To contact the writer of this article, click here: Andrea Tse .