Roblox lower after downgrade, Procter & Gamble down following earnings Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER:
- CureVac (CVAC) up 8% after UBS upgraded the stock to Buy and more than doubled its price target
- Synlogic (SYBX) up about 5% after SYNB1934 was granted Rare Pediatric Disease Designation by the FDA in phenylketonuria
- Concert Pharmaceuticals (CNCE) up 20% after Sun Pharma agreed to acquire all outstanding shares of Concert through a tender offer for an upfront payment of $8.00 per share in cash, or $576M in equity value, plus a non-tradeable contingent value right entitling holders to receive up to an additional $3.50 per share in cash
DOWN AFTER EARNINGS/GUIDANCE:
- Procter & Gamble (PG) down over 2% as Q2 report points to volume trends worsening
- Alcoa (AA) down over 6% as adjusted EBITDA for Q4 fell short of analyst expectations
- Allstate (ALL) down 5% after reporting preliminary adjusted net loss for Q4 that missed consensus
- Discover Financial (DFS) down almost 8%
- KeyCorp (KEY) down 3%
LOWER:
- Roblox (RBLX) down almost 7% after being downgraded to Underweight at Morgan Stanley on slower bookings growth in the second half of the year
Symbols:
CVAC SYBX PG AA ALL DFS - $102.26 /
-3.155 (-2.99%)
KEY RBLX CNCE Keywords: Fly Intel, Wall Street, Top Stories, Stocks, Upgrades, Downgrades