Fossil Group (FOSL) Regains Footing

Markets ended the day mixed on higher than average volume. The Dow ended the day up by 6.49 points to close at 17,489.50. The NASDAQ followed close behind, and gained just 1.40 points. It ended the day at 4,986.02. The S&P 500 fell today. It lost 2.75 points to close out the trading day at 2,050.44.

In international trading, Asia was mixed as well. The Hang Seng in Hong Kong gained 253.43 points on the day. The Nikkei ended the trading day completely flat. In Australia, the ASX closed the day down nearly 10 points. In Europe, the markets fared much better. Stocks were up across the board.
In London, the FTSE gained 2%, surging 122 points. The CAC in France was up 133, or 2.77%. Germany’s DAX also finished the day in the black. It closed up 259 points on the day.

Fossil Group (FOSL) Regains Footing

After a huge loss on the news that it was acquiring wearables manufacturer Misfit, Fossil Group regained their footing today. It regained 8.54% in trading today. It closed up 2.54 points to end the day at $34.57, down $20 from its former-high of over $50.

Airgas (ARG) Surges 40%

Shares of Airgas (ARG) have surged over the past two days, gaining over 40%. Investors are happy about the announced merger with Air Liquide (AIQUY). The share price moved from less than $100 on Friday morning to $137.35 at the end of the day today. Under the terms of the deal, Airgas shareholders will receive $143 per share when Airgas sells out.

Airgas and Air Liquids are two players in the chemical processing segment of the Industrial sector. Both companies provide specialized gasses for industrial operations like welding.

"Airgas customers and employees will benefit from Air Liquide's unrivalled global footprint and strength in technology, innovation and operational efficiency, while Airgas is ready to bring the entrepreneurial culture and packaged gas excellence that have driven our success to date," Executive Chairman Peter McCausland said in a statement to reporters. "We are excited about the prospects of integrating these two businesses to create the largest industrial gas company in the world."
Published on Nov 17, 2015
By Aaron Phillips
Aaron Phillips is a financial researcher and journalist based out of Michigan. He regularly writes the IG Daily and IG Weekly columns.

Copyrighted 2020. Content published with author's permission.

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