IHS Markit climbs following merger agreement to combine with S&P Global, valuing the company at $44B Check out this morning's top movers from around Wall Street, compiled by The Fly.
HIGHER -
- IHS Markit (INFO) up 7% after S&P Global (SPGI) and the company announced they have entered into a definitive merger agreement to combine in an all-stock transaction that values IHS Markit at an enterprise value of $44B, including $4.8B of net debt
- Moderna (MRNA) up 13% after announcing that it will submit for an Emergency Use Authorization with the U.S. FDA and an application for Conditional Marketing Authorization with the European Medicines Agency for its Covid-19 vaccine mRNA-1273
- Venator Materials (VNTR) up 11% after BofA analyst Steve Byrne upgraded shares to Buy from Underperform
- Corning (GLW) up 1% after
guiding Q4 revenue up 5%-8% sequentially
UP AFTER EARNINGS -
DOWN AFTER EARNINGS -
- Autohome (ATHM) down 4%
- New Jersey Resources (NJR) down 1%
LOWER -
- Nikola Corporation (NKLA) down 18% after announcing the signing of a non-binding Memorandum of Understanding with General Motors (GM) that does not include the previously contemplated GM equity stake in Nikola or development of the Nikola Badger
- Novavax (NVAX) down 8% after providing an update on its COVID-19 vaccine program
- Centennial Resource Development (CDEV) down 4% after MKM Partners analyst John Gerdes downgraded the stock to Neutral from Buy with an unchanged $1.00 price target
Symbols:
INFO NKLA CDEVCentennial Resource Development
NVAX - $124.01 /
+21.49 (+20.96%)
ATHM - $105.58 /
+3.625 (+3.56%)
GLNG NJR GLW VNTR MRNA - $128.00 /
+18.82 (+17.24%)
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