Select Water Solutions, Inc. shares rise 1.98% intraday after Germany's Norma sells water management business to US rival.

Select Water Solutions, Inc. rose 1.98% in intraday trading. The company's stock price movement aligns with the news that Germany's Norma is selling its water management business to U.S. rival Advanced Drainage Systems in a deal valued at $1 billion. This deal could potentially benefit Select Water Solutions, Inc. as it may lead to increased demand for water management solutions in the U.S. market.