Circor skyrockets following deal to be acquired by KKR for $1.6B Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Circor (CIR) up 50% after the company announced that it has entered into a definitive agreement to be acquired by investment funds managed by KKR (KKR) in an all cash transaction valued at approximately $1.6B
- Valley National (VLY) up 6% after JPMorgan upgraded shares to Overweight with a $10 price target after conducting an analysis into the commercial real estate loan risks to regional banks
- Palo Alto Networks (PANW) up 5% after the stock was selected to be included in the S&P 500
- Apple (AAPL) up 1% after ahead of its WWDC kickoff in Cupertino
UP AFTER EARNINGS -
- Allego (ALLG) up 4%
- SAIC (SAIC) up 4%
DOWN AFTER EARNINGS -
- Fusion Fuel (HTOO) down 7%
LOWER -
- Epam Systems (EPAM) down 13% after cutting its Q2 and FY23 outlook due to further deterioration in the near-term demand environment.
- Target (TGT) down 1% after KeyBanc analyst downgraded the stock to Sector Weight without a price target
- Estee Lauder (EL) down 2% after Oppenheimer downgraded shares to Perform without a price target
Symbols:
CIR VLY PANW - $217.23 /
+0.475 (+0.22%)
AAPL ALLG SAIC HTOO EPAM - $259.57 /
+1.785 (+0.69%)
TGT EL Keywords: Fly Intel, Wall Street, Top Stories, Stocks