Diamondback and Uber Stocks Soar on Buybacks and Deals, Airbnb and Leonardo Also See Gains
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Diamondback Energy stock rose 17.65% this week after announcing a dividend increase and a major acquisition deal valued at $26 billion.
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Uber stock hit all-time highs, gaining 14.78% following the announcement of a $7 billion share buyback plan.
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Airbnb saw a 6.84% stock price increase after reporting positive Q4 results, indicating strong travel demand.
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Defense contractor Leonardo gained 8.93% on confirmed interest in a unit of commercial vehicle maker Iveco and a Saudi collaboration deal.
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While showing financial strength, all four stocks appear overvalued relative to their industries based on revenue and P/E multiples.