Midday Stock Movers: Twitter, Snowflake, Deere -Breaking
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© Reuters. Sam Boughedda
Investing.com — U.S. stocks are following their European counterparts in trading lower Monday. Below are the most recent mThe 25th of April, idday movers
Twitter Inc (NYSE:) traded higher on news that Elon Musk is close to a deal to buy the company at $54.20 per share cash.
Nkarta IncAfter receiving positive data from 2 lead-engineered natural killer cell programs, the (NASDAQ): has doubled in value since Friday’s close.
Snowflake IncThe stock (NYSE: ) rose 7.4% following being initiated at Wolfe Research. It received an Outperform rating with a $250 price target and was initially initiated with an Infrastruct Rating. Allan Verkhovski, Wolfe Analyst, stated that they were “very excited” about the possibility of meaningful revenue outperformance.
Deere & CompanyAfter Ross Gilardi, BofA analyst, downgraded the stock to Neutral from Buy by him, (NYSE:), it plunged more than 7%. Also, the analyst lowered his price target to $450 per shares from $475.
Philips(NYSE:) ADRs remain at 12% after a Dutch-based group of medical technology warned that there were multiple threats to the company’s growth prospects for this year.
Stocks of energy such as Chevron Corp (NYSE:), Marathon Oil (NYSE:) Exxon Mobil (NYSE:) have tumbled Monday as oil prices slide on fears of a demand slowdown due to lockdowns in Shanghai.
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