Momenta surges following agreement to be acquired by Johnson & Johnson for $6.5B Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Momenta (MNTA) up 69% after Johnson & Johnson (JNJ) announced it has entered into a definitive agreement to acquire the company in an all cash transaction for approximately $6.5B
- Precision BioSciences (DTIL) up 9% after announcing the FDA has granted fast track designation to the company for PBCAR0191, its lead investigational allogeneic chimeric antigen receptor cell therapy for the treatment of advanced B-cell precursor acute lymphoblastic leukemia
- KBR (KBR) up 4% after
entering into a definitive agreement with Arlington Capital under which KBR will acquire Centauri for approximately $800M, net of tax benefits, in cash
UP AFTER EARNINGS -
- Target (TGT) up 8%
- Qiwi (QIWI) up 4%
DOWN AFTER EARNINGS -
- TJX (TJX) down 5%
- Vipshop (VIPS) down 14%
- 21Vianet (VNET) down 2%
- Agilent (A) down 4%
LOWER -
- Gilead (GILD) and Galapagos (GLPG) down 4% and 27% respectively after Gilead disclosed a complete response letter from the FDA requesting data from the MANTA and MANTA-RAy studies for the new drug application for filgotinib, for which Galapagos is entitled to an approval milestone of $100M, before completing its review
Symbols:
MNTA DTIL KBR TGT QIWI TJX VIPS VNET A GILD GLPG Keywords: Fly Intel, Wall Street, Top Stories, Stocks