DraftKings shares jumped more than 5 percent Monday after Bank of America upgraded the stock to buy from neutral, calling its prediction markets a 'win-win' and projecting $400 million in fees from them in 2027. PTC, meanwhile, surged about 36 percent to $192.26 after agreeing to Schneider Electric's $205-per-share buyout — a deal worth more than $22 billion in equity value.
Fresh insider filings also drew attention: Oracle director Stephen Rusckowski bought 25,000 shares on September 29 at roughly $139.35, disclosed via SEC filings and reported October 2, while Vistry Group insider Alice Woodwark bought roughly £40,000 of shares on October 5. On the other side, Joby Aviation insiders sold about 59,000 shares, disclosed as tax-withholding sales on vested equity.
The moves come against a mixed macro backdrop: the Nasdaq closed at a fresh record Monday while the U.S. 10-year Treasury yield hit 5.34 percent, its highest since 2002, and the September jobs report showed fewer hires than forecast with unemployment at 4.2 percent. Federal Reserve minutes due Wednesday could set the tone for the rest of the week. This is a report of disclosed market news, not investment advice.
