Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Zymergen (ZY) up 28% after Ginkgo Bioworks (DNA) and the company announced they have entered into a definitive agreement under which Ginkgo will acquire Zymergen in an all-stock transaction that values Zymergen at an approximately $300M market capitalization
- JD.com (JD) up 2% after Morgan Stanley analyst Eddy Wang named the company as a "Catalyst Driven Idea" ahead of the company reporting its Q2 results in late August
- Healthcare Triangle (HCTI) up 3% after announcing its launch in Singapore with focus to bolster digital healthcare in the city-state and across the Asia Pacific
- Public Storage (PSA) up 3% after announcing that its board of trustees has declared a one-time dividend of $13.15 per common share
- Ivanhoe Electric (IE) up 3% after BMO Capital and Jefferies analysts initiated coverage of the stock
UP AFTER EARNINGS -
DOWN AFTER EARNINGS -
- Philips (PHG) down 8%
- Newmont (NEM) down 3%
- Squarespace (SQSP) down 10%
LOWER -
- Weber (WEBR) down 21% after announcing the departure of its CEO, withdrawal of FY22 guidance and suspension of dividend
- Snap (SNAP) down 3% after Morgan Stanley analyst Brian Nowak double downgraded shares to Underweight from Overweight with a price target of $8, down from $17
- Lam Research (LRCX) down 2% after Barclays analyst Blayne Curtis downgraded the stock to Equal Weight from Overweight with a price target of $450, down from $625