ADT soars following Google investment and stake in the company Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- ADT Inc. (ADT) up 67% after announcing Google (GOOGL) will acquire 6.6% ownership of the company as part of a new long-term partnership
- Marathon Petroleum (MPC) up 10% after entering into a definitive agreement with 7-Eleven, a wholly owned, indirect subsidiary of Seven & i Holdings, whereby 7-Eleven will acquire Speedway for $21B in cash
- Immunic (IMUX) up 39% after
announcing its phase 2 EMPhASIS trial of lead asset IMU-838 achieved all primary and key secondary endpoints
-
Varian (VAR) up 22% after entering into a definitive agreement to combine with Siemens Healthineers (SMMNY) in an all-cash transaction valued at $16.4B on a fully diluted basis
UP AFTER EARNINGS -
- McKesson (MCK) up 4%
- Ligand (LGND) up 4%
- Global Payments (GPN) up 4%
- MPLX (MPLX) up 6%
- Quotient (QTNT) up 2%
- Zovio (ZVO) up 20%
DOWN AFTER EARNINGS -
ALSO LOWER -
- Helmerich & Payne (HP) down 3% after Barclays analyst J. David Anderson downgraded shares to Underweight from Equal Weight with a price target of $13, down from $14
- Spirit AeroSystems (SPR) down 2% after announcing it will further reduce headcount by 1,100 workers at its facility in Wichita, Kansas as a result of the most recent rate reduction on the 737 MAX (BA) and the ongoing global pandemic
- SolarEdge (SEDG) down 1% after JMP Securities analyst Joseph Osha downgraded the stock to Market Perform from Outperform ahead of earnings
- Weyerhaeuser (WY) down 1% after DA Davidson analyst Steven Chercover downgraded shares to Neutral from Buy with an unchanged $29 price target
Symbols:
GOOGL - $1,487.69 /
-48.81 (-3.18%)
GOOG - $1,482.46 /
-52.125 (-3.40%)
ADT MPC IMUX MCK LGND MPLX GPN - $177.73 /
+1.725 (+0.98%)
QTNT HSBC HP SPRI SEDG WY VAR ZVO Keywords: Fly Intel, Wall Street, Top Stories, Stocks