TriCo Bancshares Rises, SK Hynix Drops, Humana Gains as Wells Fargo Upgrades on Moderating Cost Trends

On this episode of Stock Movers:- TriCo Bancshares (TCBK) shares rise. First Hawaiian agreed to acquire TriCo in an all-stock transaction valued at $63.12 per share based on Friday’s closing price. Upon closing, First Hawaiian and TriCo shareholders are expected to own approximately 65% and 35%, respectively, of the combined company.- SK Hynix (SKHY) ADRs plunge. An AI-fueled stock rout in South Korea spilled over into the US market Monday. The decline came after shares of SK Hynix plunged a record 15% in South Korea, sending the benchmark Kospi index down 9% and triggering a market-wide trading suspension. Traders pointed to fears of lower-than-expected earnings, with a report from Korea Investment & Securities projecting SK Hynix's operating profit for the latest quarter may trail consensus by 8%.- Humana (HUM) shares edge up after Wells Fargo upgraded the health insurer to overweight from equal-weight, citing moderating cost trend in Medicare Advantage. “While we entered 2026 concerned about HUM’s MA underwriting and membership growth, we now believe that moderating cost trend has significantly decreased earnings risk,” analyst Stephen Baxter writes in a note.See omnystudio.com/listener for privacy information.