The Latest Breaking News from Vertiv Holdings Co

On CNBC's “Halftime Report Final Trades,” Stephen Weiss, chief investment officer and managing partner of Short Hills Capital Partners, said Vertiv Holdings Co (NYSE:VRT) is down 20% since reporting quarterly earnings.

For the midweek session on Wednesday, Vertiv Holdings Co (NYSE:VRT) — which provides critical infrastructure for data centers and communication networks — happens to be one of the biggest losers among large-capitalization stocks. During the early afternoon session, VRT dropped more than 5%. Of course, with Vertiv being one of…

Gainers LogicBio Therapeutics, Inc. (NASDAQ: LOGC) gained 641% to $2.0207 after the company announced it will be acquired by AstraZeneca's subsidiary, Alexion, for $2.07 per share.

JPMorgan analyst Stephen Tusa upgraded Vertiv Holdings Co (NYSE:VRT) to Overweight from Neutral with a price target of $18 (an upside of 22%). Tusa sees "compelling" risk/reward profits with earnings and free cash flow estimates reset. Also read: Veritiv Agrees To Sell Canadian Operations To Imperial Dade For Undisclosed Sum. Price Action: VRT shares are trading higher…

Vertiv Holdings Co (NYSE:VRT) and Elea Digital partner to deliver edge data center services in Brazil. The partnership aims at maintaining market growth rates across a continent-wide geographical footprint. Vertiv will provide operation and maintenance services for Elea Digital data centers in key metro areas, including Porto Alegre, Curitiba, and Brasilia. Vertiv's…

Vertiv Holdings Co (NYSE:VRT) reported fourth-quarter sales growth of 8% year-over-year to $1.41 billion and 3.9% on an organic basis, missing the consensus of $1.42 billion. Sales by segments: Americas $583.9 million (+4.8% Y/Y), APAC $458.9 million (+3.8% Y/Y) and EMEA $367.7 million (+20% Y/Y). The company recorded an operating loss of $(3.9)…