Top Midday Gainers

MT Newswires Live10-19

Bright Minds Biosciences (DRUG) shares skyrocketed 164% amid heavy trading after the company said on Friday that it launched a private placement of common shares at $21.70 apiece.

More than 20.3 million shares traded intraday compared with a daily average of about 2.3 million.

Joint Stock Company Kaspi.kz (KSPI) said it signed a definitive agreement to acquire 65.41% of the total outstanding Class A and Class B shares of D-Market Electronic Services & Trading (HEPS), also known as Hepsiburada, from founder Hanzade Dogan and other shareholders for about $1.13 billion.

Shares of Kaspi jumped 7%, with intraday trading volume at over 390,000 compared with a daily average of about 355,000.

US Cellular (USM) said Friday it has agreed to sell some of its spectrum licenses to telecommunications giant Verizon Communications (VZ) for $1 billion in cash, subject to potential adjustments. US Cellular said it obtained approval for the Verizon deal from its 82% shareholder, Telephone and Data Systems (TDS).

Shares of Telephone and Data Systems advanced 12% as intraday trading volume climbed to over 3.2 million from a daily average of about 909,000.

Price: 57.39, Change: +35.69, Percent Change: +164.47

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