National General skyrockets, Allstate falls following acquisition announcement Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- National General (NGHC) up 64% after announcing Allstate (ALL) has agreed to acquire the company for approximately $4B in cash, or $34.50 per share
- Cambium Networks (CMBM) up 39% after reporting preliminary Q2 revenue above consensus
- NanoViricides (NNVC) up 48% after announcing that safety and tolerability of the drug candidates it is developing against SARS-CoV-2 to treat COVID-19 spectrum of diseases was observed in an animal model
- Luminex (LMNX) up 10% after providing Q2 revenue guidance
- Nikola (NKLA) up 11% after JPMorgan analyst Paul Coster upgraded shares to Overweight from Neutral with an unchanged price target of $45
UP AFTER EARNINGS -
- Simply Good Foods (SMPL) up 8%
DOWN AFTER EARNINGS -
- Levi Strauss (LEVI) down 4%
- MSC Industrial (MSM) down 1%
ALSO LOWER -
- Allstate down 3% after agreeing to acquire National General for approximately $4B in cash
- HealthEquity (HQY) down 5% after filing to sell $250M in common stock
- 89bio (ETNB) down 6% after its 2.6M share secondary offering priced at $27.50 per share
- Centogene (CNTG) down 10% after offering to sell 3.5M shares of common stock
Symbols:
NGHC CMBM NNVC LMNX NKLA SMPL MSM LEVI ALL HQY ETNB CNTG Keywords: Fly Intel, Wall Street, Top Stories, Stocks