JetBlue gains, Spirit Airlines slips following termination of merger agreement Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Akero Therapeutics (AKRO) up 35% after releasing preliminary topline week 96 results from HARMONY, a Phase 2b study evaluating the efficacy and safety of efruxifermin in patients with pre-cirrhotic metabolic dysfunction-associated steatohepatitis, fibrosis stage 2 or 3
- JetBlue (JBLU) up 4% after reporting that it has reached an agreement with Spirit Airlines (SAVE) to terminate their July 2022 merger agreement
- Supermicro (SMCI) up 16% after the S&P 500 announced the company will be added to the index later this month
- Macy's (M) up 14% after announcing that it has received a revised, unsolicited, non-binding proposal from Arkhouse Management and Brigade Capital Management to acquire all of the outstanding shares of the company for $24.00 per share in cash
- Deckers Outdoor (DECK) up 5% after the S&P 500 announced the company will be added to the index later this month
UP AFTER EARNINGS -
LOWER -
- BioVie (BIVI) down 42% after announcing that it intends to offer to sell shares of its common stock in a best efforts public offering
- Spirit Airlines (SAVE) down 18% after reporting that it has reached an agreement with JetBlue (JBLU) to terminate their July 2022 merger agreement
- Ferrari (RACE) down 3% after Citi downgraded the stock to Sell from Neutral with a price target of EUR 329, up from EUR 308
- Apple (AAPL) down 1% after the European Commission fined the company over EUR 1.8B for "abusing its dominant position" on the market for the distribution of music streaming apps to iPhone and iPad users through its App Store
Symbols:
AKRO M SMCI - $905.46 /
+40.455 (+4.68%)
DECK - $902.57 /
+7.425 (+0.83%)
LNSR AVDL SE SOHU BIVI RACE AAPL JBLU SAVE Keywords: Fly Intel, Wall Street, Top Stories, Stocks