DouYu climbs, Huya falls following stock-for-stock merger announcement Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- DouYu (DOYU) up 16% after announcing Huya (HUYA) will acquire all the outstanding shares of the company, including ordinary shares represented by American depositary shares, through a stock-for-stock merger
- Acorn International (ATV) up 34% after entering into a definitive agreement and plan of merger with First Ostia Port and its wholly owned subsidiary Second Actium Coin in a going private transaction
- Twilio (TWLO) up 4% after entering into a definitive agreement to acquire Segment for approximately $3.2B in Class A common stock, on a fully diluted and cash free, debt free basis
- LMP Automotive (LMPX) up 15% after announcing a definitive agreement for the acquisition of a 70% Interest in Atlantic Automotive Group and Atlantic Central Storage, in a deal valued at $608M
- Alkermes (ALKS) up 13% after
announcing the FDA's Psychopharmacologic Drugs Advisory and the Drug Safety and Risk Management Advisory
committees jointly voted that samidorphan meaningfully mitigates olanzapine-associated weight gain and that the safety profile of ALKS 3831 has been adequately characterized
LOWER -
- Avenue Therapeutics (ATXI) down 51% after receiving a complete response letter from the FDA regarding the company's new drug application for IV tramadol stating that although the pivotal Phase 3 clinical trials demonstrated statistically significant outcomes for all of the primary and many secondary endpoints, the FDA has determined that it cannot approve the application in its present form
- Huya (HUYA) down 6% after announcing it will acquire all the outstanding shares of DouYu, including ordinary shares represented by American depositary shares, through a stock-for-stock merger
- GameStop (GME) down 2% after Jefferies analyst Stephanie Wissink downgraded shares to Hold from Buy with a price target of $13, up from $10
- PG&E (PCG) down 7% after filing an electric incident report with the California Public Utilities Commission indicating that on September 27, a wildfire began in the area of Zogg Mine Road and Jenny Bird Lane, north of Igo in Shasta County, California
Symbols:
DOYU ATV TWLO - $306.14 /
+6.975 (+2.33%)
LMPX ALKS ATXI HUYA GME PCG Keywords: Fly Intel, Wall Street, Top Stories, Stocks