Target slumps after warning on margin drag from actions to "right-size" inventory Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Kohl’s (KSS) up 10% after the company announced it has entered into exclusive negotiations with Franchise Group (FRG) regarding FRG's proposal to acquire the company for $60 per share
- Veru (VERU) up 2% after announcing it has submitted an emergency use authorization application to the U.S. FDA for its sabizabulin oral treatment of moderate to severe hospitalized COVID-19 patients at high risk for developing ARDS
UP AFTER EARNINGS -
- Dave & Buster's (PLAY) up 5%
- Gitlab (GTLB) up 9%
- HealthEquity (HQY) up 4%
- G-III Apparel (GIII) up 2%
- Chico's (CHS) up 4%
DOWN AFTER EARNINGS -
- J.M. Smucker (SJM) down 1%
LOWER -
- Target (TGT) down 7% after announcing actions to "right-size" inventory for balance of year and revising margin guidance
- Walmart (WMT) down 3% following Q2 warning from Target
- Union Pacific (UNP) down 2% after warning that rising costs will pressure margins below prior view
Symbols:
TGT WMT KSS FRG GTLB HQY GIII SJM VERU PLAY UNP CHS Keywords: Fly Intel, Wall Street, Top Stories, Stocks