Gapping down
Select Index ETFs showing early weakness:
- IWM -0.9%, QQQ -0.8%, SPY -0.6%, DIA -0.5%
Other news:
- BDRX -9% (files for ADS offering)
- PLX -6.1% (issues statement regarding security situation in Israel)
- MRTX -4.7% (Mirati Therapeutics to be acquired by Bristol Myers Squibb (BMY) for $4.8 bln equity value and up to $5.8 bln including the Contingent Value Right)
- ZNTL -2% (COO Iris Roth, Ph.D. to step down)
- BMY -1.3% (Mirati Therapeutics to be acquired by Bristol Myers Squibb (BMY) for $4.8 bln equity value and up to $5.8 bln including the Contingent Value Right)
- RYAM -1.2% (to temporarily idle its Témiscaming Paperboard operation and one of its High-Yield Pulp lines for 3 weeks)
- AER -1.2% (repurchased approximately 20 million shares and leased, purchased and sold 219 assets in the third quarter 2023)
- FERG -1.1% (provides update to share repurchase program)
Analyst comments:
- OWL -3.1% (downgraded to Perform from Outperform at Oppenheimer)
- TENB -2.8% (downgraded to Equal Weight from Overweight at Barclays)
- APO -1.4% (downgraded to Perform from Outperform at Oppenheimer)