Biogen facility in Cambridge, Massachusetts.
Brian Snyder | Reuters
Check out the companies making the biggest moves of the afternoon:
apple — Apple shares fell 2% in China after reports that iPhone production could take a hit due to unrest at a Foxconn factory in China amid protests against the country’s zero-Covid policy. Analysts expressed concern about the recent production interruptions on the eve of the holiday season.
cat’s tail — Shares of the ad company surged 45% after Taboola announced that it is taking a 25% stake in the company as part of a 30-year deal that will see Yahoo power native advertising across all Yahoo platforms.
Wynn Resorts, Melco resorts — Shares of casino operators Wynn Resorts and Melco Resorts gained 4.1% and 9.5%, respectively, after the Chinese government granted them a temporary license to resume operations in Macau. las vegas sands and MGM Resorts He also bought licenses, the first increased by 1.3%, and the second decreased by 2.4%.
DraftKings — Shares fell more than 5% after that JPMorgan downgraded DraftKings from neutral to underweight, noting that the company’s competitors are more likely to achieve online sports betting profitability.
biogenic — Biogen shares fell nearly 4% after Science.org reported that a woman participating in an experimental Alzheimer’s disease trial sponsored by Biogen and the Japanese pharmaceutical company recently died of a brain hemorrhage.
Tyson Foods🇧🇷 Beyond the meat — Shares of Tyson Foods fell 3.3% and Beyond Meat fell 3.1% after Barclays downgraded both companies, signaling the worst is yet to come for the protein companies.
Anheuser-Busch InBev — Shares of the beer giant rose 2.9% after acquiring a double update From JPMorgan. Analyst Jared Dinges said Anheuser-Busch InBev would benefit from renewed demand for domestic light beer and a decline in demand for hard seltzer in the US.
First Sun — The solar reserve decreased by 2% after a is reduced to neutral level From JPMorgan. The bank said it needed to take a breather after the stock rallied more than 150% following the passage of the Anti-Inflation Act.
Twilio — Twilio fell 2.6% in after-hours trading Downgraded by Jeffries keep from getting. The firm said it sees “sustained headwinds” for the communications tool and messaging company.
Aptiv — Shares fell more than 3% after Morgan Stanley Decreased Aptiv level In a note, the auto technology supplier could be hurt by the slower spread of electric vehicles, overweight to equal weight.
Williams-Sonoma — After that, shares lost 4.7% downgraded Morgan Stanley Housewares stocks were underweight, saying stocks could fall further as demand weakens in a tough macro environment.
live folk entertainment — Shares of Live Nation rose 1.1% after being upgraded to buy from neutral by Citi, which said the risk/reward outlook looked more reasonable.
Pinduoduo — Shares of Pinduoduo rose 13.6% after the e-commerce platform posted third-quarter results that beat analysts’ expectations. “We continued to deepen our value creation in the third quarter,” said CEO Lei Chen. “We will increase our R&D investments to further improve supply chain efficiency and the digital inclusion of agriculture.”
Energy Stocks — Energy stocks fell after oil prices approached the lowest level of the year Concerned about China’s demand. stocks Exxon Mobil It lost 1.9% and conocophillips decreased by 1.8% chevron It decreased by 1.5% along with Occidental Petroleum🇧🇷
– CNBC’s Carmen Reinicke, Samantha Subin, Tanaya Macheel and Sarah Min reported.
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