Why "amphenol" Is Trending Today?

Commscope stock experienced a notable increase on Monday, with investors eager to understand the reasons behind this upward trend. The company's shares were among those making significant movements in the midday trading session, alongside other prominent stocks such as Figma, Joby Aviation, Wayfair, and IDEXX Laboratories.

CommScope (COMM) reported a 32% increase in Q2 revenue, while Amphenol agreed to acquire CommScope's broadband connectivity and cable unit for $10.5 billion, driving COMM stock up by around 40%.