On Monday, June 7, 2021, a pedestrian walks past the headquarters of Biogen Inc. in Cambridge, Massachusetts.
Adam Glanzman | Bloomberg | Getty Images
Check out the companies that made the headlines in midday trading.
Biogen-After Samsung denied reports from South Korean media that it was negotiating to acquire Biogen, Biogen’s share price fell by more than 7%. After the report was released, the biotech stock soared 9.5% on Wednesday.
Didi Global – Although the company reported a 1.7% decline in revenue and a loss of $4.7 billion in the third quarter, the company’s stock price rose 5.6%. Investors bought on dips among Chinese ride-hailing companies, which fell 8.2% on Wednesday. There have also been declines in 12 of the past 15 trading days.
RR Donnelley & Sons — Commercial printing stocks rose nearly 5% after the company received a non-binding offer for $11 in cash per share. Two weeks ago, RR Donnelley agreed to be acquired by an affiliate of Chatham Asset Management, its largest shareholder, for $10.85 per share.
Virgin Galactic-After approving a merger with the blank check company NextGen Acquisition Corp earlier this week, its satellite launch spin-off company Virgin Orbit is preparing to start trading on the Nasdaq on Thursday, and the space travel company’s share price has risen That’s 6%.
Micron Technology-Semiconductor shares fell 1.3% after the company warned that production was delayed due to the suspension of the new Covid in Xi’an, China. Micron said in a blog post that additional restrictions imposed by local governments “may become increasingly difficult to alleviate.”
Spotlight-After Jefferies initiated coverage of the stock with a buy rating and a price target of $44, the share price of the job seeker platform rose by 13%, which means an increase of about 38% from Wednesday’s closing price.
ViacomCBS-The media giant’s share price rose 3.6%, leading the rise in the Standard & Poor’s 500 index on Thursday. On Wednesday, the “Financial Times” reported that US video streaming will spend US$115 billion on content in 2022. Discovery shares rose 3%, while Netflix and Fox rose about 1%. Apple and Disney’s stock prices are also slightly higher.
— CNBC’s Hannah Miao and Jesse Pound provided reporting
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