Why Perella Weinberg Partners Stock Skyrocketed Today
One of the best-performing financial sector stocks on Tuesday was a name unknown to many investors. Boutique advisory company Perella Weinberg Partners (NASDAQ: PWP) is apparently the subject of a merger with or acquisition by a larger peer, and investors reacted by snapping up its shares. At market close, they were up by nearly 12%. That morning, The Wall Street Journal published a story reporting that Perella Weinberg has been in discussions with Piper Sandler (NYSE: PIPR) about combining their businesses. Image source: Getty Images. Continue reading