Boeing rises following announcement that its CEO will step down at end of the year Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Boeing (BA) up 4% after president and CEO Dave Calhoun announced his decision to step down as CEO at the end of 2024
- United Therapeutics (UTHR) up 2% after announcing that its board of directors has authorized the company to purchase up to $1B of the company's common stock
- Disney (DIS) up 1% after Barclays upgraded the stock to Overweight with a price target of $135, up from $95
- Esperion (ESPR) up 22% after reporting that the FDA has approved broad new label expansions for Nexletol Tablets and Nexlizet Tablets based on CLEAR Outcomes data that include indications for cardiovascular risk reduction and expanded LDL-C lowering in both primary and secondary prevention patients
- Masimo (MASI) up 13% after announcing that its board of directors has authorized management to evaluate a proposed separation of its consumer business
UP AFTER EARNINGS -
LOWER -
- Intel (INTC) and AMD (AMD) both down 3% after Financial Times reported China has introduced new guidelines that will mean U.S. microprocessors from the companies are phased out of government PCs and servers, as Beijing ramps up a campaign to replace foreign technology with homegrown solutions,
- Tesla (TSLA) and Rivian Automotive (RIVN) both down 1% after Mizuho downgraded both stocks to Neutral from Buy
Symbols:
RIVN UTHR DIS ESPR MASI BA SGMT HEPS INTC AMD TSLA Keywords: Fly Intel, Wall Street, Top Stories, Stocks