Lumentum rises, II-VI falls as Coherent bidding war ends with deal agreement Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Lumentum (LITE) up 5% after announcing that Coherent (COHR) has provided notice of termination of their previously announced definitive merger agreement, pursuant to which Coherent is required to pay a $217.6M termination fee to the company
- Enochian BioSciences (ENOB) up 22% after Seraph Research Institute and the company announced that a 36-year old patient with recurrent glioblastoma achieved complete remission for a period of 15 months
UP AFTER EARNINGS -
- Darden (DRI) up 4%
- Movado (MOV) up 4%
- RH (RH) up 5%
DOWN AFTER EARNINGS -
- Synlogic (SYBX) down 5%
- Amwell (AMWL) down 9%
LOWER -
- II-VI (IIVI) down 7% after announcing that it is entering into a definitive agreement to acquire all outstanding Coherent shares in a cash and stock transaction under which Coherent shareholders will receive $220.00 in cash and 0.91 of a share of II-VI common stock for each Coherent share
- Rite Aid (RAD) down 15% after cutting FY21 guidance
- Evofem (EVFM) down 24% after a 17.143M share spot secondary offering priced at $1.75
Symbols:
LITE ENOB SYBX AMWL DRI MOV RH - $486.00 /
-20.61 (-4.07%)
IIVI RAD EVFM COHR Keywords: Fly Intel, Wall Street, Top Stories, Stocks