Raven skyrockets following CNH Industrial's agreement to buy the company for $58 per share Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Raven (RAVN) and CNH Industrial (CNHI) up 48% and 1%, respectively, after CNH announced that it has entered into an agreement to acquire 100% of the capital stock of Raven for $58.00 per share
- MediciNova (MNOV) up 38% after announcing that results from a Phase 2 trial of MN-166 in alcohol use disorder were published in Nature's Translational Psychiatry
- Rafael Holdings (RFL) up 7% after announcing that it has entered into a merger agreement with Rafael Pharmaceuticals
- Enochian Biosciences (ENOB) up 14% after announcing that the company has acquired an exclusive license for an innovative technology to potentially treat and prevent all variants of coronavirus, including the cause of COVID-19, as well as influenza
- Torchlight Energy Resources (TRCH) up 35% after being touted on Reddit's WallStreetBets group as a potential short-squeeze target
- Allogene Therapeutics (ALLO) up 2% after Jefferies analyst Michael Yee assumed coverage of shares with a Buy rating and $53 price target, telling investors that he views the recent pullback in the shares as an attractive buying opportunity
LOWER -
- Theravance Biopharma (TBPH) down 7% after announcing its Phase 2 study of nezulcitinib compared to placebo did not meet its primary endpoint
- Immutep (IMMP) down 13% after announcing that it has received commitments for a A$60M two-tranche private placement of new ordinary shares
- Riot Blockchain (RIOT), Marathon Digital (MARA) and Coinbase (COIN) down 7%, 7% and 2%, respectively, after the price of bitcoin fell over 7% to a two-week low
Symbols:
RAVN CNHI MNOV ENOB TRCHTorchlight Energy Resources
ALLO TBPH IMMP RIOT MARA COIN Keywords: Fly Intel, Wall Street, Top Stories, Stocks