2020-05-01 11:21:09 TSLA Tesla
05/01/20 05/0111:21 05/01/2011:21 | Tesla drops 8% after Elon Musk says stock price is too highShares of Tesla moved lower after its CEO Elon Musk said the stock price is too high. Via Twitter, Musk proclaimed, "Tesla stock price is too high imo." Shares of Tesla are down 8%, or $61.24, to $720.64 following the tweet. | |
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On The Fly
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Box Office Battle: 'Raya' wins biggest weekend since shutdown »
18:15 03/07/21 03/0718:15 03/07/2118:15
T
AT&T
Comcast
Comcast
Sony
Lionsgate
Lionsgate
Disney
ViacomCBS
ViacomCBS
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Periodicals
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Biden sees $1,400 payments starting to go out this month, Reuters says »
17:50 03/07/21 03/0717:50 03/07/2117:50
SPY
SPDR S&P 500 ETF Trust
S&P 500
President Joe Biden said… Story temporarily locked. ShowHide Related Items >><<
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Periodicals
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Austria suspends AstraZeneca COVID vaccine batch after death, Reuters says »
17:38 03/07/21 03/0717:38 03/07/2117:38
AZN
AstraZeneca
Austrian authorities have… Story temporarily locked. ShowHide Related Items >><<
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Periodicals
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White House urges action despite Microsoft patch amid active threat, Reuters says »
17:32 03/07/21 03/0717:32 03/07/2117:32
MSFT
Microsoft
The White House urged… Story temporarily locked. ShowHide Related Items >><<
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Hot Stocks
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Moderna to provide 13M doses of COVID vaccine to Philippines »
16:21 03/07/21 03/0716:21 03/07/2116:21
MRNA
Moderna
Moderna has announced a… Moderna has announced a supply agreement with the Government of The Philippines for 13M doses of the COVID-19 Vaccine Moderna. Under the terms of this agreement, deliveries would begin in mid-2021. The COVID-19 Vaccine Moderna is not currently approved for use in the Philippines, and the company will work with regulators to pursue necessary approvals prior to distribution. A separate agreement with the Philippine Government and private sector for the supply of an additional 7M doses is also anticipated. ShowHide Related Items >><<
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Hot Stocks
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Gilead announces data from OLE of two Phase 3 studies of Biktarvy »
16:18 03/07/21 03/0716:18 03/07/2116:18
GILD
Gilead
Gilead Sciences announced… Story temporarily locked. ShowHide Related Items >><<
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Hot Stocks
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Atea Pharmaceuticals presents Phase 1 results for AT-527 »
16:13 03/07/21 03/0716:13 03/07/2116:13
AVIR
Atea Pharmaceuticals
Atea Pharmaceuticals… Atea Pharmaceuticals presented results from the Phase 1 study of AT-527 in healthy volunteers at the 28th Annual Conference on Retroviruses and Opportunistic Infections in a Science Spotlight presentation. AT-527 is an orally administered, direct-acting antiviral developmental agent derived from Atea's purine nucleotide prodrug platform and is in Phase 2 clinical development for the treatment of COVID-19. AT-527 targets SARS-CoV-2 ribonucleic acid polymerase, a highly conserved gene which is responsible for both viral RNA replication and transcription. Given this preferential conserved target site, it is anticipated that the antiviral activity of AT-527 will continue even in the presence of naturally-evolving variants which are now emerging. In the Phase 1 study, 20 healthy volunteers were randomized 1:1 to receive oral AT-527 550 mg twice daily or matching placebo for 5 days. The purpose of this study was to assess the safety and pharmacokinetics of AT-527 in healthy volunteers and to predict human lung exposure of intracellular AT-9010, the active triphosphate metabolite of AT-527. Safety assessments included adverse events, vital signs, electrocardiograms, and standard safety laboratory tests. Intensive PK sampling, performed after the first and last two doses, provided information on plasma exposures of AT-511, the free base of AT-527, a hemisulfate salt, and its metabolites including AT-273, the guanosine nucleoside metabolite, a measurable surrogate for intracellular AT-9010. The study results showed AT-527 was well tolerated with a favorable safety profile. There were no discontinuations, serious AEs, clinically significant changes in vital signs, or ECGs observed. The data also demonstrated that AT-511 was rapidly absorbed, followed by fast and extensive stepwise metabolic activation ultimately to the intracellular TP metabolite AT-9010, reflected by plasma AT-273. AT-527 550 mg BID led to fast attainment of steady-state levels of AT-273 within two days of dosing. Plasma levels of AT-273 were further used to predict lung concentrations of AT-9010 using a scaling factor of 1.2X which was previously determined from in vivo tissue distribution of the triphosphate metabolite in cynomolgus monkeys. Beginning as early as three hours after the first dose, and maintained thereafter throughout the five days of dosing, predicted lung AT-9010 levels were consistently above the EC90 level of 0.5 microM for in vitro inhibition by the drug of SARS-CoV-2 replication. These results indicate the potential of AT-527 for the treatment of COVID-19 and are supportive of the dosing regimen of 550 mg BID. ShowHide Related Items >><<
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Hot Stocks
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Ridgeback, Merck announce findings from Phase 2a trial of COVID therapeutic »
16:09 03/07/21 03/0716:09 03/07/2116:09
MRK
Merck
Merck and Ridgeback… Story temporarily locked. ShowHide Related Items >><<
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Upgrade
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Woolworths Group upgraded to Buy from Neutral at Goldman Sachs »
15:49 03/07/21 03/0715:49 03/07/2115:49
WOLWF
Woolworths Group
Goldman Sachs analyst… Story temporarily locked. |
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Nippon Steel upgraded to Conviction Buy from Buy at Goldman Sachs »
15:46 03/07/21 03/0715:46 03/07/2115:46
NISTF
Nippon Steel
Goldman Sachs analyst… Goldman Sachs analyst Yusuke Akiyama added Nippon Steel to the firm's Conviction List and reiterates a Buy rating on the shares with a price target of 2,150 yen, up from 2,050 yen. "Robust demand" in China will lead to a strengthening of Asian steel prices, says the analyst, who sees a "strong possibility" that the Chinese government will continue to curb steel production capacity and place more stringent restrictions on output in 2021. ShowHide Related Items >><<
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Kobe Steel upgraded to Neutral from Sell at Goldman Sachs »
15:44 03/07/21 03/0715:44 03/07/2115:44
KBSTF
Kobe Steel
Goldman Sachs analyst… Story temporarily locked. ShowHide Related Items >><<
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Larsen & Toubro upgraded to Conviction Buy from Buy at Goldman Sachs »
15:41 03/07/21 03/0715:41 03/07/2115:41
LTOUF
Larsen & Toubro
Goldman Sachs analyst… Goldman Sachs analyst Pulkit Patni added Larsen & Toubro to the firm's Conviction List and reiterates a Buy rating on the shares with a price target of INR 2,055, up from INR 1,650. The Union budget increased confidence on the continuity of government spending, which, along with rising capacity utilization for the manufacturing industry and the "Make in India" initiative bode well for Larsen & Toubro, Patni tells investors in a research note. ShowHide Related Items >><<
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On The Fly
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Opening Day: InnovAge rises, Oscar Health slips on first trading day »
09:14 03/07/21 03/0709:14 03/07/2109:14
INNV
InnovAge
Oscar Health
VPC Impact Acquisition Holdings III
VPC Impact Acquisition Holdings II
Warburg Pincus Capital Corporation I-A
Tribe Capital Growth Corp I
Warburg Pincus Capital Corporation I-B
dMY Technology Group IV
Tailwind Two Acquisition
First Reserve Sustainable Growth
InterPrivate IV InfraTech Partners
InterPrivate III Financial Partners
InterPrivate II Acquisition
Property Solutions Acquisition II
Khosla Ventures Acquisition
Aurora Acquisition
Altimar Acquisition Corp. III
Twin Ridge Capital Acquisition
Isos Acquisition
Mission Advancement
Roth CH Acquisition III
DHB Capital
Goldenbridge Acquisition
TCW Special Purpose Acquisition
FinTech Evolution Acquisition
Supernova Partners Acquisition II
Orion Acquisition
NightDragon Acquisition
Anzu Special Acquisition Corp I
Northern Star Investment Corp. IV
Northern Star Investment Corp. III
Live Oak Mobility Acquisition
Advanced Merger Partners
Coinbase
Roblox
Vizio
Gold Royalty
Alignment Healthcare
Robinhood
Palantir
Asana
Slack Technologies
Spotify
Alibaba
Elder-care company… ShowHide Related Items >><<
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Conference/Events
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Super Micro Computer participates in a conference call with Northland »
16:53 03/06/21 03/0616:53 03/06/2116:53
SMCI
Super Micro Computer
Conference call with CFO… Conference call with CFO Weigand will be held on March 12 at 12 pm. Webcast Link ShowHide Related Items >><<
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Conference/Events
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Accuray participates in a conference call with Northland »
16:51 03/06/21 03/0616:51 03/06/2116:51
ARAY
Accuray
Cconference call with… Cconference call with President & CEO Levine and CCO Winter will be held on March 15 at 12 pm. Webcast Link ShowHide Related Items >><<
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Periodicals
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Cisco, Qualcomm offer solid yield, dividend growth, Barron's says »
12:36 03/06/21 03/0612:36 03/06/2112:36
AVGO
Broadcom
Cisco
Qualcomm
Texas Instruments
It's hard to find… It's hard to find attractive yields with dividend growth among tech stock but Broadcom (AVGO), Cisco (CSCO), Qualcomm (QCOM) and Texas Instruments (TXN) offer both, Lawrence Strauss writes on this week's edition of Barron's. Reference Link ShowHide Related Items >><<
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Periodicals
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Vertex underperformance after drug setback a buying opportunity, Barron's says »
12:19 03/06/21 03/0612:19 03/06/2112:19
VRTX
Vertex Pharmaceuticals
For nearly a decade,… For nearly a decade, Vertex Pharmaceuticals could do no wrong but then the biotech company canceled development of a once-promising drug after trial results disappointed and its stock is now down 25% since mid-October, Josh Nathan-Kazis writes in this week's edition of Barron's. The pullback has been overdone, the author contends, adding that there is an opportunity now for investors to get back in. Reference Link ShowHide Related Items >><<
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Periodicals
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Lowe's can win reopening, stock a buy, Barron's says »
12:12 03/06/21 03/0612:12 03/06/2112:12
LOW
Lowe's
Lowe's was a… Lowe's was a lockdown winner and investors are having second thoughts about its stock now that reopening looms, but Lowe's is far more than just a COVID-19 play, Teresa Rivas writes in this week's edition of Barron's. Concerns are probably overblown and with COVID receding, Lowe's is set to become a more profitable company, while housing might be more resilient than it's given credit for, the author contends. Reference Link ShowHide Related Items >><<
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Periodicals
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MyTheresa stock might be cheapest thing it sells, Barron's says »
12:01 03/06/21 03/0612:01 03/06/2112:01
MYTE
Mytheresa
Mytheresa stock -… Mytheresa stock - technically an American depositary share of parent company MYT Netherlands Parent - was recently trading just below its $26 initial-public-offering price after having jumped to $36 shortly after the debut, Nicholas Jasinski writes in this week's edition of Barron's. The stock could recover those losses and more in the coming months, the author contends, noting that while luxury buyer might have been slower to adopt e-commerce, the overall luxury market is growing by about 7% annually. Reference Link ShowHide Related Items >><<
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Initiation
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Cloopen initiated with a Neutral at Goldman Sachs »
09:57 03/06/21 03/0609:57 03/06/2109:57
RAAS
Cloopen
Goldman Sachs analyst… Goldman Sachs analyst Tina Hou initiated coverage of Cloopen Group Holding with a Neutral rating and $16.20 price target, implying 9% downside. Cloopen is China's largest multi-capability cloud-based communications solution provider by revenues with with 12,000 active customers as of Q3, Hou tells investors in a research note. The analyst likes Cloopen's "ample" market opportunities and "comprehensive" product offering, but believes current valuations already reflect the stock's long-term growth potential. ShowHide Related Items >><<
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Initiation
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Adagene initiated with a Buy at Goldman Sachs »
09:55 03/06/21 03/0609:55 03/06/2109:55
ADAG
Adagene
Goldman Sachs analyst… Goldman Sachs analyst Ziyi Chen initiated coverage of Adagene with a Buy rating and $29 price target, which represents 26% upside. Adagene is a pre-revenue biotech company with a proprietary antibody drug discovery platform, Chen tells investors in a research note. The analyst believes Adagene has the potential to "revolutionize antibody drug discovery" if its dynamic precision library platform is fully validated. Chen sees "multiple value-driving catalysts" in 2021. ShowHide Related Items >><<
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On The Fly
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Charged: GM-backed Cruise said to be in talks to acquire Voyage »
07:31 03/06/21 03/0607:31 03/06/2107:31
TSLA
Tesla
NIO
Xpeng
Ford
Li Auto
General Motors
Fisker
QuantumScape
Plug Power
NextEra Energy
Welcome to The Fly's… ShowHide Related Items >><<
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General news
| Treasury Market Summary:… Treasury Market Summary: nonfarm payrolls bolted 379k higher and the blowout jobs report made for some big swings in the markets before both bonds and stocks settled into gains in late day trading. The markets were volatile but not disorderly and the relative calm was beneficial in general. Treasury yields shot higher with longer dated maturities breaching the February 25 intraday highs to post the cheapest rates in over a year. The wi 10-year rose over 6 bps to test 1.624% before slipping back to 1.57% at the close. The wi 30-year bond was 2 bps lower at 2.305%, and the 2-year was down 0.8 bps to 0.137%. Wall Street was knocked lower again in reaction to the rise in rates, as has been the recent trend. The S&P 500 dropped -1% to hit 3730 before dip buying emerged, supported by a "good news is good news" trade. All of the indexes climbed through the afternoon with the S&P 500 leading the rally, finishing 1.95% firmer at 3841 to boost the index 1% higher to 3823. The Dow rose 1.85% to 31,496. And after lagging much of the session, the NASDAQ closed up 1.55% to 12,920. View the summary. |
Hot Stocks
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Ellington Financial reports estimated book value per share of $18.06 on Feb 28 »
19:00 03/05/21 03/0519:00 03/05/2119:00
EFC
Ellington Financial
The company announced its… The company announced its estimated book value per common share of $18.06 as of February 28. This estimate includes the effect of the previously announced monthly dividend of 10c per common share, payable on March 25 to holders of record on February 26, with an ex-dividend date of February 25. ShowHide Related Items >><<
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Hot Stocks
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Adaptive Biotechnologies says FDA issues EUA for T-Detect COVID »
18:47 03/05/21 03/0518:47 03/05/2118:47
ADPT
Adaptive Biotechnologies
Microsoft
Adaptive Biotechnologies… Adaptive Biotechnologies (ADPT) announced that the U.S. FDA issued an Emergency Use Authorization for T-Detect COVID to confirm recent or prior COVID-19 infection. This first-in-class T cell- based test is the first indication resulting from Adaptive's TCR-Antigen Map collaboration with Microsoft (MSFT). ShowHide Related Items >><<
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