Upside, Downside Movers in the Morning
Upside:
-QTTB +71% (reports Phase 2a SIGNAL-AA Part B results for severe alopecia areata)
-AGEN +47% (prices $85M private placement at $3.69 effective purchase price; discontinues financial support for the ongoing BATTMAN Phase 3 study in late-line metastatic MSS colorectal cancer)
-TCBK +7.1% (acquired by First Hawaiian in all-stock deal; 2.095 shares per TriCo share, representing $63.12/shr)
-BW +4.0% (authorizes $50M share repurchase)
-SHOP +3.3% (Jefferies Raised SHOP to Buy from Hold, price target: $160 from $140)
-CNMD +3.2% (reportedly considers sale following takeover interest)
-MGM +2.4% (reportedly in talks to be acquired by People Inc at $48.30/shr)
-KEYS +2.3% (Morgan Stanley Raised KEYS to Overweight from Equal Weight, price target: $400)
Downside:
-BNZI -23% (prices 327.3K share public offering at $2.75/shr for $0.9M)
-MTNB -21% (enters business combination with GH Power to create publicly traded clean energy company)
-VEEE -11% (enters merger with USFM; Spins off Marine Business to private CVR Trust)
-SKHY -8.0% (profit taking off IPO last week)
-FHB -6.6% (reports prelim earnings)
-SNDK -5.9% (Evercore ISI Institutional Equities Reiterates SNDK with Outperform, price target: $3,100 from $1,400)
-WDC -5.4% (US memory chipmaker weakness)
-MU -5.3% (US memory chipmaker weakness)
-INTC -3.7% (invests €5B to expand manufacturing in Ireland)
-MSTR -3.4% (sells 4.8M MSTR shares for $466.7M net proceeds)
Positions: None.
