Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly.
1. STOCK NEWS:
- Synaptics (SYNA) agreed to acquire DSP Group (DSPG) for $22 per share in an all-cash transaction [more]
- Adtran (ADTN) announced a business combination with ADVA [more]
- Catalent (CTLT) agreed to acquire Highlander portfolio company Bettera Holdings for $1B [more]
- Cloudera (CLDR) shareholders have approved the proposed transaction with KKR (KKR) and CD&R [more]
- Coinbase (COIN) erroneously sent 125,000 customers security notifications [more]
2. WALL STREET CALLS:
- Pinterest (PINS) downgraded to Hold from Buy at Argus [more]
- T-Mobile (TMUS) downgraded to Sector Weight on slowing share gains at KeyBanc [more]
- Globalstar (GSAT), Iridium (IRDM) sent skyward by iPhone 13 satellite connectivity speculation [more]
- Peloton (PTON) initiated with a Neutral at Citi [more]
- Dave & Buster's (PLAY) downgraded to Hold at Stifel as visitation trends soften [more]
3. AROUND THE WEB:
- AstraZeneca (AZN) is mandating vaccination for U.S. workers, NY Times reports [more]
- Carlyle Group (CG) is seen as the preferred bidder for Baring Private Equity Asia's Indian potfolio Hexaware Technologies in a $3B deal, Reuters reports [more]
- Japan is investigating the deaths of two individuals who had received Moderna's (MRNA) COVID-19 vaccine, Bloomberg says [more]
- Baxter (BAX) is near a deal to buy Hill-Rom (HRC) for $156 per share in cash, CNBC and WSJ report [more]
- PayPal (PYPL) is exploring a stock trading platform for customers, CNBC reports [more]
4. MOVERS:
- Affirm (AFRM) surges after announcing that its flexible payment solution will soon be available to Amazon.com (AMZN) customers at checkout [more]
- Ideanomics (IDEX) gains after entering into an agreement to acquire VIA Motors in an all-stock transaction for a 100% ownership stake [more]
- NRx Pharmaceuticals (NRXP) rises after announcing an additional finding from its Phase 2b/3 clinical trial investigating ZYESAMI for the treatment of patients with acute respiratory failure due to COVID-19 [more]
- 22nd Century (XXII) lower after announcing the company’s entry into the global specialty hops market, its third plant franchise [more]
- DouYu (DOYU) declines in New York after announcing a $100M share repurchase program [more]
5. EARNINGS/GUIDANCE:
- Portage Biotech (PRTG) reported a year-over-year decline in quarterly earnings [more]
- Li Auto (LI) provided upbeat Q3 revenue guidance [more]
- Akoustis (AKTS) reported downbeat Q4 revenue [more]
- Nordic American Tankers (NAT) also reported downbeat quarterly revenue [more]
- Taylor Devices (TAYD) reported a year-over-year decline in quarterly earnings and revenue [more]
INDEXES:
The Dow fell 55.96, or 0.16%, to 35,399.84, the Nasdaq gained 136.39, or 0.90%, to 15,265.89, and the S&P 500 advanced 19.42, or 0.43%, to 4,528.79.