Why TD Ameritrade, HEXO, and L Brands Jumped Today
The stock market gave up modest amounts of ground on Thursday, but for the most part, investors continued to play a waiting game. In the absence of market-moving news on important macroeconomic and geopolitical matters, market participants seemed content to let major market benchmarks drift narrowly.
Yet some individual stocks saw big gains. TD Ameritrade (NASDAQ: AMTD), HEXO (NYSE: HEXO), and L Brands (NYSE: LB) were among the top performers. Here's why they did so well.
Shares of TD Ameritrade climbed 18% after investors learned that the online-brokerage giant might become an acquisition target. Ever since players across the discount-brokerage industry decided to eliminate commissions on stock and ETF trading, many industry followers have anticipated that companies would have to combine forces in order to find other ways to make up for the lost revenue.
Source Fool.com
