Kimberly-Clark Plunges Amid Acquisition Fallout

3 months ago

Nora Melinda

"I've got eyes on Kimberly Clark. This is ticker KMBB. Really in focus here alongside Ken View, which is ticker KVU. We've got shares of Kimberly Clark plunging as the worst performing stock in the S&P 500. Its worst day in 25 years. Uh elevated trading volume that we're seeing here. This is the biggest drop since March 7th, 2000. And this is after the company agreed to buy Kin View for roughly $40 billion. This will value Ken View at 48.7 billion on an enterprise basis here. And it's really just you're seeing the street just trying to digest this uh this deal here and thinking about the implications here for Kimberly Clark."

Nora highlights that Kimberly Clark (KMBB) is experiencing a drastic sell-off with the worst day in 25 years following its $40 billion acquisition deal for Kin View. The commentary centers on the elevated trading volume and the market's struggle to digest the implications, marking significant bearish sentiment for the stock.