The stock market’s “fear gauge” is broadcasting a rosy outlook for the S&P 500. But beneath the surface, individual member stocks are increasingly going their own way.
Monster Beverage Corp. said Monday that it has completed its tender offer to buy back $3 billion worth of its shares, including about $24 million worth of shares that were owned by co-Chief Executives Rodney Sacks and Hilton Schlosberg.
As media and entertainment giant Paramount Global lurches toward a possible sale, yet another offer could be in the works — this one from onetime media executive Edgar Bronfman Jr., with the backing of private equity firm Bain Capital.