Xilinx jumps, AMD falls following reports of AMD takeover talks Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Xilinx (XLNX) up 16% after the Wall Street Journal reported AMD (AMD) is in advanced discussions to purchase the company in a deal that could be valued at over $30B
- NXP Semiconductors (NXPI) up 5% after guiding Q3 revenue above consensus
- General Electric (GE) up 6% after Goldman Sachs analyst Joe Ritchie reinstated coverage of shares with a Buy rating and $10 price target
- Opko Health (OPK) up 2% after subsidiary BioReference Laboratories announced the beginning of its COVID-19 testing program for New York City schools
- Selecta Biosciences (SELB) up 5% after the company and IGAN Biosciences announced that they have entered into a research license and option agreement to study Selecta's ImmTOR immune tolerance platform in combination with IGAN's immunoglobulin A protease for the treatment of IgA Nephropathy
UP AFTER EARNINGS -
LOWER -
- AMD down 3% after the Journal's report that the company is in advanced talks to purchase Xilinx
- Amgen (AMGN) down 1% after Truist analyst Robyn Karnauskas downgraded the stock to Hold from Buy with a price target of $251, down from $268
Symbols:
XLNX NXPI GE OPK SELB GNMK AMD AMGN - $240.12 /
-17.46 (-6.78%)
Keywords: Fly Intel, Wall Street, Top Stories, Stocks