Upside, Downside Movers in the Morning
Upside:
-TRIP +13% (sells European restaurant reservation platform TheFork to American Express for $700M cash)
-CMTL +12% (earnings; sells most of Satellite and Space Communications segment to Gilat for $157.5M)
-MU +8.1% (multiple broker price target hikes)
-NBIS +7.2% (added to NASDAQ 100 index)
-SPCX +5.9% (momentum)
-CEVA +4.2% (Needham Initiates CEVA with Buy, price target: $55)
-PAYO +3.7% (confirms to be acquired by Nuvei at $7.40/shr in cash)
-DDOG +3.5% (Truist Raised DDOG to Buy from Hold, price target: $300 from $190)
-PSKY +3.1% (DOJ approves Paramount’s acquisition of Warner Bros)
-PGY +2.7% (closes upsized $800M AAA-rated personal loan ABS transaction
-PAYX +2.2% (CitiGroup Raised PAYX to Buy from Neutral, price target: $140 from $99)
Downside:
-ELTX -64% (Phase 2 AMPLIFY-7P Study did not meet the pre-specified primary endpoint of disease-free survival (“DFS”) in the intent-to-treat population)
-NMRA -49% (discontinues navacaprant Phase 3 development in KOASTAL-2 and -3 after missing primary and key secondary endpoints)
-TRAW -18% (Phase 2a tivoxavir marboxil influenza challenge study deferred after MHRA review)
-FOX -12% (ROKU to be acquired by Fox Corp at $160/shr in $22B cash-stock deal)
-PTRN -8.8% (Holders file to sell 8M Class A shares)
-FISV -6.1% (names new CEO; affirms FY26 outlook)
-BAND -4.6% (files to sell $275M convertible senior notes due 2032)
Positions: None.
