This post was originally published on this site
Here are some of Wednesday’s bigger, more active movers:
Stock gainers:
Novo Nordisk NVO shares jumped more than 4% in morning trading as the Danish drugmaker said it ended a trial early due to efficacy of its diabetes drug Ozempic against kidney disease. The news also sent shares of dialysis providers sharply lower (see below).
Tempest Therapeutics Inc.’s stock
TPST,
blasted nearly 800% higher, to make it the biggest gainer and most actively traded on major U.S. exchanges, after the California-based cancer-treatment developer released “positive” results from a study of its treatment for patients with unresectable or metastatic hepatocellular carcinoma. Separately, Tempest announced a shareholder rights plan, also known on Wall Street as a “poison pill,” that kicks in an entity acquires or launches a tender offer to buy 10% or more of the outstanding shares. The stock had closed at a record low of 23 cents on Oct. 9.
Shares of Thor Industries Inc. THO rose nearly 2% after the RV maker said its board authorized a 7% dividend increase to 48 cents a share.
Tupperware Brands Corp.’s stock
TUP,
shot up 22% to continue its big bounce. The stock had soared 28.2% on Tuesday, after closing the previous session at a three-month low, in the wake of the food-storage container company’s disclosure that Richard Goudis planned to resign as executive vice chair around mid-October.
Stock decliners:
Shares of Exxon Mobil Corp.
XOM,
dropped 3.9% after the oil giant announced an agreement to buy shale driller Pioneer Natural Resources Co. in an all-stock deal valued at $59.5 billion, or at $64.5 billion including debt. Pioneer shares
PXD,
rose less than 1%.
Shares in Fresenius Medical Care FMS dropped 19%, DaVita DVA stock fell 18% to lead the S&P 500 index’s SPX decliners, and Baxter International Inc. shares BAX shed 9%, on concerns over future dialysis sales in the wake of the Novo Nordisk trial.
Hall of Fame Resort & Entertainment Co.’s stock
HOFV,
plummeted 29% after the professional football company, which is partnered with the Pro Football Hall of Fame, announced the pricing of its $2.8 million public offering of common stock and warrants.
Shares of Silk Road Medical Inc.
SILK,
was rocked for a 52% loss after the medical device company’s forecast fell short of Wall Street estimates, and announced its CEO was retiring.
