Biogen, Micron, Virgin Galactic and more
One pedestrian strolls past Biogen Inc. Headquarters in Cambridge, Massachusetts on Monday June 7, 2021.
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Take a look at the top mid-day traders.
Biogen — Shares of Biogen slid more than 7% after Samsung denied a report in South Korean media that it was in talks to buy Biogen. Biotechnology stocks surged 9.5% after the report.
DiDi Global — The stock jumped 5.6% despite the company reporting a 1.7% decline in third-quarter revenue and a loss of $4.7 billion. The dip in Chinese ride-hailing firm, which dropped 8.2% on Wednesday, was bought by investors. In the 15 last trading days, it has experienced declines of 12.2%.
RR Donnelley & Sons — The commercial printing stock rose nearly 5% after the company received a non-binding acquisition proposal at $11 per share in cash. This unsolicited offer is made two weeks following R.R. Chatham Asset Management affiliates agreed to purchase Donnelley, the largest shareholder of Chatham Asset Management for $10.85 each share.
Virgin Galactic — Shares of the space travel company rose 6% as Virgin Orbit, its satellite-launching spin-off, geared up to begin trading Thursday on the Nasdaq, following an approved merger earlier this week with the blank-check company NextGen Acquisition Corp.
Micron Technology — The semiconductor stock dipped 1.3% after the company warned of production delays due to new Covid shutdowns in Xi’an, China. Micron posted in blog that they believe it will be more difficult to overcome additional restrictions imposed by local governments.
Kanzhun — The platform for job seekers saw its shares jump 13% after Jefferies initiated coverage of the stock with a buy rating and a $44 price target, implying upside of about 38% from its closing price Wednesday.
ViacomCBS — Shares of the media giant rose 3.6% and were among the top gainers in the S&P 500 on Thursday. This rise came after a Financial Times Wednesday report that U.S. streaming video companies are expected to invest $115 billion in content by 2022. Discovery shares rose 3% while Netflix and Fox saw a 1% increase. Apple and Disney also saw slight increases.
— CNBC’s Hannah Miao and Jesse Pound contributed reporting