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Barchart
Barchart
Wajeeh Khan

Magnum Ice Cream Company Surges on Takeover Speculation. What to Know.

Magnum Blackstone CDR

Magnum (MICC) shares rallied on Friday following reports that private equity giants Blackstone and CD&R are exploring a buyout bid for the company recently spun off from Unilever (ULVR.L.EB).

This upward momentum helped MICC break above its 100-day moving average (MA), indicating the longer-term trend is now shifting in favor of the bulls. 

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