Penske Automotive, OPKO Health, Ericsson And Other Big Stocks Moving Higher On Thursday

Penske Automotive Group, Inc. (NYSE: PAG) shares increased by 8.5% to $211.25 following the announcement of a $16.3 billion deal to go private, where Penske Corporation and Mitsui & Co., Ltd. will acquire remaining shares at $212 per share in cash. The broader U.S. stock market was mixed, with the Dow Jones index gaining around 200 points on the same day. Other notable gainers included OPKO Health Inc., which rose 13.2% after Labcorp agreed to acquire assets for $722 million, and Ericsson, which surged 8.5% after reporting better-than-expected quarterly results.