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Electronic Arts, Glu Mobile, Hanesbrands and more

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Here are the stocks making headlines on Wall Street at midday.

Electronic Arts, Glu Mobile – The video game stocks rose on Tuesday after EA announced that it had agreed to acquire Glu for $12.50 per share, giving the company a larger foothold in the mobile gaming space. Shares of EA rose 2.6%, while those for Glu surged nearly 35% to trade near the offer price.

Simon Property Group – Shares of the mall operator gained 3.7% after Simon Property gave an optimistic outlook for 2021. Looking ahead, the company said it anticipates a recovery in retail tenants as well as an improvement in rent collection rates.

Coty – The cosmetics company’s shares slid more than 15% after Coty said revenue…



Source cnbc.com

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