Gapping down
M&A news:
- BMY -0.7% (to acquire MYOK for $225 per share)
Other news:
- DKNG -5.5% (files for 16 mln share Class A common stock by company and 16 mln shares by selling shareholders)
- RMG -3% (RMG Acquisition and Romeo Power Technology form business combination that would result in Romeo Power becoming a publicly listed company)
- VXX -1.2% (trading lower with US futures rebounding)
Analyst comments:
- IBP -1.9% (downgraded to Hold from Buy at The Benchmark Company)
- DNKN -1.6% (downgraded to Neutral from Buy at BTIG Research)
- BLD -0.9% (downgraded to Hold from Buy at The Benchmark Company)
- T -0.8% (downgraded to Underweight from Sector Weight at KeyBanc Capital Markets)