Beacon Roofing (BECN) Moves 7.7% Higher: Will This Strength Last?

Beacon Roofing Supply (BECN) shares ended the last trading session 7.7% higher at $117.18. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 3.4$11 billion takeover bid from QXO, stating that the offer "significantly undervalues" the roofing materials supplier. Earlier that day, QXO's CEO ...