Get caught up quickly on the top news and calls moving stocks with these Top Five lists.
1. STOCK NEWS:
- Rogers Communications (RCI) and Shaw Communications (SJR) rally after Competition Tribunal approves merger [more]
- Futu Holdings (FUTU) and UP Fintech (TIGR) declined after the China Securities Regulatory Commission warned the companies regarding their cross-border operations in mainland China [more]
- Novavax (NVAX) announced the initiation of a Phase 2 trial for its COVID-19-Influenza Combination, or CIC, and influenza stand-alone vaccine candidates [more]
- Mesa Air (MESA) reported Q4 results and announced new and expanded agreements with United Airlines (UAL) [more]
- GSK's (GSK) chief commercial officer told Financial Times that the company is seeking to purchase or partner with biotechs "hiding in plain sight" as the drugmaker works to replenish its pipeline [more]
2. WALL STREET CALLS:
- Argus downgraded Micron (MU) to Hold, sees potential operating losses over coming quarters [more]
- Ultragenyx (RARE) assumed with a Buy at H.C. Wainwright [more]
- DOJ suit shouldn't create meaningful overhang for AmerisourceBergen (ABC), says BofA [more]
- Opco reveals three biotech stocks that it sees outperforming in 2023 [more]
- DocGo (DCGO) chairman staying on should boost confidence, says Canaccord [more]
3. MOVERS:
- Li Auto (LI) rises in New York trading after announcing December deliveries will exceed 20,000 vehicles [more]
- Ginkgo Bioworks (DNA) dips after Cathie Wood’s ARK Investment bought 3.7M shares [more]
- DraftKings (DKNG) lower after announcing it will launch its online sportsbook in Ohio on New Year's Day [more]
- Tellurian (TELL) falls after filing an automatic mixed securities shelf [more]
- ImmunoGen (IMGN) declines after H.C. Wainwright lowered the firm’s price target on the stock to $15 from $20 [more]
INDEXES:
Near midday, the Dow was down 207.11, or 0.62%, to 33,013.69, the Nasdaq was down 93.46, or 0.89%, to 10,384.62, and the S&P 500 was down 29.25, or 0.76%, to 3,820.03.