Comtech surges following reports of a $30 per share acquisition bid from Acacia Research Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Comtech (CMTL) up 19% after Reuters reported Acacia Research (ACTG) has made an offer to acquire the company for $790M in cash, or $30 per share
- ABVC BioPharma (ABVC) up 230% after gaining attention from retail traders on social media
- ANI Pharmaceuticals (ANIP) up 15% after announcing that the FDA has approved the company's supplemental new drug application, or sNDA, for Purified Cortrophin Gel, or Repository Corticotropin Injection USP, for the treatment of certain chronic autoimmune disorders
- XPeng (XPEV) up 4% after reporting 10,138 Smart EVs delivered in October
- Harley-Davidson (HOG) up 8% after the United States and the European Union ended a dispute over steel and aluminum tariffs that included tariffs on the company's motorcycles
UP AFTER EARNINGS -
- LoanDepot (LDI) up 10%
- SunCoke Energy (SXC) up 5%
- Cabaletta Bio (CABA) up 4%
DOWN AFTER EARNINGS -
LOWER -
- Li Auto (LI) down 1% after reporting October deliveries of 7,649 Li ONEs
- Nio (NIO) down 4% after delivering 3,667 vehicles in October, representing a decrease of 27.5%
- Barclays (BCS) down 1% after CEO Jes Staley stepped down following the preliminary conclusions from the FCA and the PRA of their investigation into Staley's characterization to Barclays of his relationship with Jeffrey Epstein
- Moderna (MRNA) down 3% after providing an update that the FDA has notified the company that it will require additional time to complete its assessment of Moderna's Emergency Use Authorization request for the use of the Moderna COVID-19 vaccine at the 100 microgram dose level in adolescents 12 to 17 years of age
Symbols:
CMTL ABVC ANIP XPEV HOG LDI SXC CABA XL LI NIO BCS MRNA Keywords: Fly Intel, Wall Street, Top Stories, Stocks