3 rumors buzzing around Wall Street today

Stocks gained Wednesday despite minutes from the lastest FOMC meeting which showed the Fed is laser-focused on getting inflation under control. Amid the upside, several rumors swirled around Wall Street. Below we highlight a few:

ACI Worldwide, Inc. (NASDAQ: ACIW) gained over 13% on reports from Bloomberg News it is in talks with private equity firms about a potential sale.

Jefferies Financial Group (NYSE: JEF) jumped over 13% after it was reported that Japan's SMFG is eyeing a larger stake in the U.S. securities giant.

Aurinia Pharmaceuticals (NASDAQ: AUPH) gained over 13% on vague rumors it could be the target of a takeover from the likes of Bristol-Myers Squibb (NYSE: BMY). Traders pointed to a speculative article in a merger-focused publication.

By StreetInsider.com Staff

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