BTC breaks through $94,000, with an intraday increase of 7.56%

October 5 - Shares of transportation brokerage RXO (RXO.O) rose 21.6% in pre-market trading to $28.4 after freight forwarding company C.H. Robinson Worldwide (CHRW.O) announced it will acquire RXO in a $5.8 billion cash and stock deal. CHRW shares fell 7.7% to $145.5. Under the terms of the deal, RXO shareholders will receive $17.25 in cash and 0.0856 shares of CHRW common stock for each RXO share held. The transaction is expected to close in the first half of 2027, pending regulatory and RXO shareholder approval. As of the previous trading day’s close, RXO shares had risen 85% year-to-date, while CHRW shares were down 1.9% year-to-date.

October 5 – Shares of motorcycle manufacturer Harley-Davidson (HOG.N) rose 3.9% in pre-market trading to $25.50 after Citigroup upgraded its rating from "Neutral" to "Buy". "There was only a slight improvement in retail business in early 2026, but now momentum appears to be increasing; 2027 is expected to benefit from the launch of major new products, significant cost-saving measures, and potential earnings upside from LiveWire," said Citigroup. Citigroup indicated that the current stock price level before the release of Q3 earnings and guidance is a very attractive entry point for buying. The broker raised its price target from $31 to $33. Out of 17 brokers, 6 rate the stock as "Buy" or higher, 8 with a "Hold" rating, and 3 with a "Sell" rating; the median price target is $30, according to data compiled by LSEG. The stock currently trades at 14.71 times forecasted earnings per share for the next 12 months, well above the industry median of 8.41 times. As of the previous trading day’s close, HOG has gained 19.8% year-to-date.

On October 5, shares of prison operator GEO Group (GEO.N) rose 4.8% in pre-market trading to $32.9. The company will sell its ICE processing center complex in Adelanto, California, for $950 million. GEO expects to receive approximately $705 million in net proceeds from the sale after taxes and other fees. The company plans to use the proceeds and future cash flows to reduce debt and repurchase shares. The board has increased the share repurchase authorization by $750 million, bringing the total to $1.25 billion. As of the last close, the stock had gained 94.5% year-to-date. (For the convenience of non-English speakers, Reuters automates its reports into several other languages. As automated translation may have errors or lack context, Reuters does not guarantee the accuracy of the automated translation and provides it only for the convenience of readers. Reuters assumes no responsibility for any damage or loss caused by the use of the automated translation feature.)

ADS agreed to buy StormTrap Investments from PSP Capital for about $530 million, or about $450 million adjusted for expected tax benefits. Deal expands ADS into large-volume, space-constrained stormwater storage and treatment systems, strengthening its offering in commercial and infrastructure projects. StormTrap posted about $165 million revenue, about $40 million adjusted EBITDA for the 12 months ended July 2026. Net valuation implies about 10x adjusted EBITDA, including expected run-rate cost synergies; funding set from cash and existing credit lines. Closing targeted for the fourth quarter of calendar 2026, subject to customary closing conditions and required regulatory approvals. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ADS - Advanced Drainage Systems Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202610050645BIZWIRE_USPR_____20261005_BW997833) on October 05, 2026, and is solely responsible for the information contained therein.