DoorDash and Uber both fall following Amazon's deal with Grubhub Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Resolute Forest (RFP) up 64% after The Paper Excellence Group and the company entered into an agreement under which Domtar will acquire all of the outstanding common shares of Resolute stock in a transaction valued at $2.7B
- Altria Group (MO) up 2% after the U.S. Court of Appeals for the D.C. Circuit entered a temporary administrative stay of the marketing denial order for Juul Labs
- Rocket Companies (RKT) up 3% after Wells Fargo analyst Donald Fandetti upgraded the stock to Overweight from Equal Weight with a price target of $10, up from $6.50
LOWER -
- DoorDash (DASH) and Uber (UBER) down 7% and 3%, respectively, after Just Eat Takeaway.com (TKAYY) entered into a commercial agreement with Amazon. (AMZN) in the United States under which Amazon Prime members can sign up for a free, one-year Grubhub+ membership and access unlimited $0 delivery fees from restaurants on the Grubhub platform
- Rada Electronic (RADA) down 11% after withdrawing its FY22 guidance citing the impending Leonardo DRS merger
- RingCentral (RNG) down 1% after Needham analyst Ryan Koontz downgraded shares to Hold from Buy without a price target
- Kornit Digital (KRNT) down 23% after providing a below consensus Q2 revenue outlook
Symbols:
RFP MO RKT DASH UBER RADA RNG KRNT AMZN - $113.56 /
+3.995 (+3.65%)
TKAYY Keywords: Fly Intel, Wall Street, Top Stories, Stocks