Upside, Downside Moves in the Morning
Upside:
-BZH +12% (DFH raises Beazer acquisition proposal by ~24% to $32.00/shr cash)
-BABA +8.5% (reportedly Alibaba’s Q1 FY27 financial report previewed to investors showed that overall e-commerce business (China e-commerce + AIDC) profits have resumed growth)
-RUN +5.9% (launches distributed AI compute pilot program)
-PDYN +4.7% (prelim Q2 revenue, color)
-MTZ +3.2% (acquires electrical contractor The Superior Group for $1.65B in stock and cash)
-TGT +2.8% (bounce off prior week weakness)
-RKLB +2.1% (higher in sympathy with Blue Origin announcing it is raising outside capital for first time)
Downside:
-FCEL -19% (prices upsized $225M (vs. $200M prior) public offering of 10.7M shares at $21.00/shr)
-LMND -4.9% (Morgan Stanley Cuts LMND to Equal Weight from Overweight, price target: $75)
-NVTS -4.9% (disputes Wolfspeed patent infringement complaint filed in Delaware)
-RIVN -4.8% (prices 75M-share offering at $15.50/shr for ~$1.2B gross proceeds)
-OLLI -4.5% (JPMorgan Chase and Co Cuts OLLI to Neutral from Overweight, price target: $70)
-SNDK -4.5% (downside momentum)
-BBWI -4.1% (Goldman Sachs Cuts BBWI to Sell from Neutral, price target: $19 from $23)
-MU -3.7% (downside momentum)
-AAL -2.6% (airline weakness following ramped up tensions with Iran, oil prices higher)
-UAL -2.2% (airline weakness following ramped up tensions with Iran, oil prices higher)
