Nikola surges, General Motors also higher following partnership agreement Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- Nikola (NKLA) and General Motors (GM) up 30% and 5%, respectively, after announcing a partnership in which Nikola will exchange $2B in newly issued common stock for the in-kind services and access to General Motors' parts and components
- Etsy (ETSY) up 1% after being selected for inclusion in the S&P 500 index
- Canaan (CAN) up 4% after
reporting that its board of directors has authorized a share repurchase program under which the company may repurchase up to $10M worth of its outstanding American depositary shares
DOWN AFTER EARNINGS -
- Aurora Cannabis (ACB) down 2%
- Napco Security (NSSC) down 1%
ALSO LOWER -
- Tesla (TSLA) down 14% after not being selected to be included in the S&P 500 index
- Apple (AAPL) down 4% after Goldman Sachs analyst Rod Hall, who acknowledges the stock is up 71% since his downgrade on April 16, reiterated a Sell rating on shares with a new price target of $80
- Ocular Therapeutix (OCUL) down 2% after announcing an agreement with the FDA to conduct a retrospective study looking at sites with access to ReSure compared to those without access to ReSure using the American Academy of Ophthamology's Iris Registry data base
- ACM Research (ACMR) down 15% after Needham analyst N. Quinn Bolton downgraded the stock to Hold from Buy
Symbols:
NKLA GM ETSY - $112.02 /
-4.115 (-3.54%)
OCUL CAN ACB NSSC TSLA AAPL ACMR Keywords: Fly Intel, Wall Street, Top Stories, Stocks