What You Missed On Wall Street On Friday

Top five lists with the news and calls moving stocks, powered by The Fly.

1. STOCK NEWS: 

  • Competition Tribunal approves Rogers Communications (RCI) and Shaw Communications (SJR) merger, but Commissioner of Competition is appealing the Competition Tribunal decision [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]
  • XPO Logistics (XPO) downgraded to Neutral at BofA amid demand deceleration [more]
  • Daiwa says "stay calm," Futu (FUTU) regulation removes overhang, while BofA double downgrades Futu after "other regulatory boot drops" [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: 

The Dow fell 73.55, or 0.22%, to 33,147.25, the Nasdaq lost 11.61, or 0.11%, to 10,466.48, and the S&P 500 declined 9.78, or 0.25%, to 3,839.50.


More By This Author:

Nio Falls After Cutting Q4 Production Outlook On COVID Outbreak
Here's What Wall Street Is Saying About Micron Ahead Of Earnings
Here's What Wall St Experts Are Saying About Nike Ahead Of Earnings

Disclaimer: Neither TheoTrade or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.