J.C. Penney jumps following report of talks with lenders to secure $450M in financing Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Roku (ROKU) up 1% after entering into 4M equity distribution agreement with Morgan Stanley and Citi
- J.C. Penney (JCP) up 32% after CNBC reports the retailer is in talks with its first lien lenders to secure $450M in financing for a possible bankruptcy that would require the company to achieve certain goals to receive the second half of it
- JD.com (JD) up 3% after Mizuho analyst James Lee upgraded shares to Buy from Neutral with a price target of $58, up from $37
- Las Vegas Sands (LVS) up 1% after announcing it will discontinue its pursuit of Integrated Resort development in Japan
- Mylan (MYL) up 3% after announcing a global collaboration with Gilead (GILD) to expand access to the investigational antiviral remdesivir for the potential treatment of COVID-19
UP AFTER EARNINGS -
- United Natural Foods (UNFI) up 14%
DOWN AFTER EARNINGS -
- CyberArk (CYBR) down 4%
- Infinera (INFN) down 12%
- Adaptive Biotechnologies (ADPT) down 5%
ALSO LOWER -
- Noble Corp. (NE) down 2% after Credit Suisse analyst Jacob Lundberg downgraded the stock to Underperform from Neutral with a price target of 10c, down from 25c
- Bluebird Bio (BLUE) down 4% after the FDA determined, in a refusal to file letter, that the Chemistry, Manufacturing and Control module of the idecabtagene vicleucel
biologics license application requires further detail to complete the review
Symbols:
GILD ROKU JCP JD LVS MYL UNFI CYBR INFN ADPT NE BLUE Keywords: Fly Intel, Wall Street, Top Stories, Stocks