TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

Kimberly-Clark Stock Plunges Over 16%, Kenvue Surges 20% In Monday Pre-Market: What's Going On?

Benzinga Logo Benzinga By Namrata Sen
Kimberly-Clark Stock Plunges Over 16%, Kenvue Surges 20% In Monday Pre-Market: What's Going On?

Kimberly-Clark announced an acquisition of Kenvue in a $48.7 billion cash and stock deal, causing significant stock price movements. The transaction aims to create a stronger commercial platform with projected annual net revenue of $32 billion by 2025.

Insights
BACpM   positive

First Investor Day in 14 years, recent earnings beat, and potential for optimistic outlook on consumer banking and economic trends


KMB   negative

Stock plunged 16.15% in pre-market trading following the acquisition announcement, indicating market uncertainty about the deal