Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.
1. STOCK NEWS:
- Anaplan (PLAN) will be taken private in a $10.7B acquisition by Thoma Bravo [more]
- Berkshire Hathaway (BRK.A) has agreed to acquire Alleghany (Y) for $848.02 per share in cash [more]
- Nielsen (NLSN) has rejected an acquisition proposal from a private equity consortium [more]
- General Motors (GM) is acquiring SoftBank (SFTBY) Vision Fund 1's equity ownership stake in Cruise for $2.1B [more]
- Kohl's (KSS) acknowledged receipt of "multiple preliminary indications of interest" in acquiring the company and authorized Goldman Sachs (GS) to coordinate with select bidders [more]
2. WALL STREET CALLS:
- ImmunoGen (IMGN) downgraded to Sector Perform from Outperform at RBC Capital [more]
- Check Point (CHKP) downgraded to Underweight from Neutral at Piper Sandler [more]
- KeyBanc upgrades Duolingo (DUOL) to Overweight with $112 price target [more]
- Integral Ad Science (IAS) upgraded to Strong Buy at Raymond James amid "unjustified" selloff [more]
- Dingdong (DDL) downgraded to Underweight from Overweight at Morgan Stanley [more]
3. AROUND THE WEB:
- A Boeing (BA) 737-800NG plane flown by China Eastern Airlines (CEA) crashed in China with 132 people on board, Bloomberg reports [more]
- Foxconn (HNHPF) operations in Shenzhen have "basically" resumed, Reuters reports [more]
- Meta Platforms (FB) is facing worker exits amid a stock price decline, NY Post reports [more]
- Chevron (CVX) union workers are preparing for a strike, Reuters reports [more]
- Amazon (AMZN) antitrust lawsuit in D.C. dismissed by a judge, Bloomberg says [more]
4. MOVERS:
- Occidental Petroleum (OXY) gains after Kosmos (KOS) provided a Ghana pre-emption update [more]
- Allena Pharmaceuticals (ALNA) drops after the company discontinued its reloxaliase program [more]
- Gevo (GEVO) rises after announcing Oneworld Alliance members plan to purchase up to 200M gallons of sustainable aviation fuel, SAF, per year [more]
- Coinbase (COIN) lower after Jim Chanos revealed in an interview on CNBC on Friday that he is shorting the stock [more]
- Volta (VLTA) declines after rescheduling its Q4 earnings release date and conference call [more]
5. EARNINGS/GUIDANCE:
- Pinduoduo (PDD) reported a year-over-year spike in Q4 earnings and revenue [more]
- Graphit Bio (GRPH) reported downbeat Q4 earnings [more]
- Marinus Pharmaceuticals (MRNS) reported downbeat Q4 results [more]
- UroGen Pharma (URGN) also reported lower-than-expected Q4 results [more]
- Cellectar Biosciences (CLRB) reported upbeat 2021 earnings [more]
INDEXES:
Near midday, the Dow was down 160.55, or 0.46%, to 34,594.38, the Nasdaq was down 10.68, or 0.08%, to 13,883.16, and the S&P 500 was up 6.49, or 0.15%, to 4,469.61.