Global banks fall following ICIJ reports of moving of illicit funds
Check out this morning's top movers from around Wall Street, compiled by The Fly.
Oracle (ORCL) up 4% after President Donald Trump announced that ByteDance has received tentative approval for an agreement with the U.S. Government to resolve the outstanding issues, which will now include the company and Walmart (WMT) together investing to acquire 20% of the newly formed TikTok Global business
Forterra (FRTA) up 1% after RBC Capital analyst Michael Dahl upgraded shares to Outperform from Sector Perform with a price target of $17, up from $15
Roku (ROKU) up 2% after Verge reported Comcast (CMCSA) and the company have reached a deal for Peacock to be available to stream on Roku devices in the coming weeks.
MFA Financial (MFA) up 4% after Starwood Capital disclosed a 8.39% stake in the company, which represents over 38.0M shares
Nikola (NKLA) down 26% after announcing that Trevor Milton approached the board and proposed to voluntarily step aside as executive chairman
and the board accepted his proposal
Illumina (ILMN) down 13% after entering into a definitive agreement under which the company will acquire GRAIL for cash and stock consideration of $8B upon closing of the transaction
Legend Biotech (LEGN) down 16% after announcing that its CEO Fangliang Zhang is presently under residential surveillance by the People's Republic of China law enforcement
Royal Caribbean (RCL) and Carnival (CCL) down 4% and 5% respectively after The Healthy Sail Panel, formed by the two companies, submitted its recommendations to the U.S. Centers for Disease Control and Prevention in response to a CDC request for public comment that will be used to inform future public health guidance and preventative measures relating to travel on cruise ships.
BANKS DOWN AFTER ICIJ REPORT OF MOVING ILLICIT FUNDS -