Each day I go through the top rising and falling stocks today, and look for (a) what the company actually does, and (b) why the stock is moving so much. Hopefully this saves you some digging!
Below are my notes from 12 November 2018 as of mid-morning. (This list is limited to companies with market cap >$100 million, and also excludes VIX, short ETFs, etc, as these just reflect the market, rather than individual companies.)
| Today | Company | Driving the stock |
|---|---|---|
| +51% | Apptio (APTI) | Acquired by Vista Equity Partners for $1.94 BN (IT budgeting software) |
| +21% | Opko Health (OPK) | Strong revenue/earnings (Pharma) |
| +16% | Best Inc (BSTI) | Revenue beat, earnings miss (Chinese supply chain) |
| +12% | VelocityShares Daily 2x (TVIX) | Vix rising on market turmoil |
| +10% | Athenahealth (ATHN) | Elliott Management buying Athenahealth for $5.7 billion (Healthcare software) |
| Today | Company | Driving the stock |
|---|---|---|
| -32% | Lumentum Holdings (LITE) | Weak guidance (Optical equipment, key Apple supplier) |
| -27% | Mesoblast (MESO) | Weak drug trial results (Stem cell research) |
| -23% | Baozun (BZUN) | Chinese Singles Day growth decelerated (Chinese logistics company) |
| -17% | PG&E (PCG) | Concerns over exposure to California wildfires (West coast energy) |
| -11% | Amarin (AMRN) | Concerns about drug effectiveness (Cardiovascular drugs) |
Submitted November 12, 2018 at 12:08PM by NaturalHedgehog https://ift.tt/2FfPJOg
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