Upside, Downside Moves in the Morning
Upside:
-EWTX +33% (sells sevasemten and muscular dystrophy business to Servier for up to $2.65B)
-SPCE +24% (momentum)
-TMHC +22% (to be acquired by Berkshire Hathaway for $72.50/share which equates to an equity value of $6.8B in cash and EV of $8.5B)
-MGM +15% (Barry Diller’s business empire, People Inc., said to be planning to bid $48.30/shr in cash for the 73.9% of MGM Resorts that it doesn’t already own, valued at $18B)
-IBM +9.4% (higher off re-circulation of video showing President Trump mentioning company)
-CDNS +7.6% (advances ChipStack AI Super Agent to Level-5 autonomy)
-VAC +4.8% (hearing Goldman Sachs Raised VAC to Buy from Sell, price target: $100)
-MSFT +3.8% (Microsoft and Nvidia are expected to unveil the first Windows computer powered by chips from Nvidia)
-HUM +3.6% (affirms FY26 guidance)
-EQNR +3.2% (Chair to resign; To nominate Jarle Roth as new Board chair)
-RVMD +2.8% (Oppenheimer Reiterates RVMD with Outperform, price target: $195 from $165)
-NVDA +2.3% (Microsoft and Nvidia are expected to unveil the first Windows computer powered by chips from Nvidia ; Hearing added to ‘Best of Breed’ list at Davidson)
Downside:
-OCS -30% (Phase 3 DIAMOND-1 and DIAMOND-2 results did NOT meet primary endpoints)
-QCOM -7.5% (weakness following NVDA launching PC chip)
-RDW -6.9% (Jefferies Cuts RDW to Hold from Buy)
-INTC -5.9% (weakness following NVDA launching PC chip)
-MSTR -5.2% (sold 32 BTC for $2.5M during May 26-31st at an average sale price of $77,135)
-AMD -3.9% (weakness following NVDA launching PC chip)
-ASTS -3.7% (hearing Deutsche Bank Cuts ASTS to Hold from Buy, price target: $106)
