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How Stocks Reacted to the EQT-RICE Deal

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Stock movements following the EQT-RICE announcement

Following the announcement of the EQT (EQT)–Rice Energy (RICE) deal, EQT’s stock was down ~10% on June 19. Rice Energy’s (RICE) stock, on the other hand, rose ~25%.

At the same time, EQT Midstream Partners’ (EQM) stock (EQM is EQT’s master limited partnership) is up ~4% while Rice Midstream Partners (RMP) stock (RMP is RICE’s master limited partnership) is down almost 27% following the news.

So far this year, EQT fell ~16.5%, underperforming the Energy Select Sector SPDR ETF (XLE), which fell 13.5% in the same period.

Rice Energy (RICE), on the other hand, has risen 20% since the beginning of this year.

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