Macquarie Infrastructure and KKR gain following agreement for MIC to sell its Atlantic Aviation business to KKR Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- U.S. Concrete (USCR) up 28% after Vulcan Materials (VMC) agreed to acquire all of the issued and outstanding shares of U.S. Concrete common stock for a purchase price of $74.00 per share in cash, which represents a total equity value of $1.294B
- Macquarie Infrastructure (MIC) and KKR (KKR) up 12% and 1%, respectively, after the companies announced the signing of a definitive agreement for MIC to sell its Atlantic Aviation business to KKR for $4.48B in cash and assumed debt and reorganization obligations
- American Resources (AREC) up 34% after announcing that it has successfully achieved a high purity of the rare earth element Neodymium using its exclusively-licensed, ligand assisted displacement chromatography process and technology
- ChromaDex (CDXC) up 11% after announcing the launch of its consumer product Tru Niagen in 3,800 Walmart (WMT) stores across the United States
- Tyler Technologies (TYL) up 2% after raising FY21 guidance to reflect the results of NIC Inc. from the date of its acquisition
UP AFTER EARNINGS -
- G-III Apparel (GIII) up 8%
- Concrete Pumping (BBCP) up 4%
- Hywin Holdings (HYW) up 9%
LOWER -
- TAL Education (TAL) down 2% after Credit Suisse analyst Alex Xie downgraded shares to Underperform from Outperform
- New Oriental Education (EDU) down 5% after Credit Suisse analyst Alex Xie downgraded the stock to Neutral from Outperform
- Lordstown Motors (RIDE) down 1% after announcing that it received a notice from Nasdaq stating that the company is not in compliance with Nasdaq Listing Rule 5250 because it has not yet filed its quarterly report on Form 10-Q for the quarter ended March 31 with the SEC
Symbols:
MIC KKR AREC CDXC TYL GIII BBCP HYW TAL EDU RIDE USCR VMC Keywords: Fly Intel, Wall Street, Top Stories, Stocks