Mid-Day Market Update: Nasdaq Turns Lower; Casper Sleep Shares Jump
Midway through trading Monday, the Dow traded up 0.05% to 36,117.49 while the NASDAQ fell 0.29% to 15,815.61. The S&P also fell, dropping 0.06% to 4,679.81.
41 Stocks Moving In Monday’s Mid-Day Session
Gainers
Casper Sleep Inc. (NYSE: CSPR) shares climbed 87.1% to $6.64 after the company agreed to be acquired by Durational Capital Management. The company also reported Q3 earnings results.
Mid-Morning Market Update: Markets Open Higher; Tyson Foods Posts Upbeat Q4 Results
Following the market opening Monday, the Dow traded up 0.27% to 36,196.19 while the NASDAQ rose 0.26% to 15,902.90. The S&P also rose, gaining 0.24% to 4,693.92.
Piper Sandler Downgrades Casper Sleep to Neutral, Lowers Price Target to $3.5
Piper Sandler analyst Peter Keith downgrades Casper Sleep (NYSE:CSPR) from Overweight to Neutral and lowers the price target from $8 to $3.5.
Satellite Firm Terran Orbital Aims To Go Public Via $1.58B SPAC Merger With Tailwind Two Acquisition
Satellite maker Terran Orbital Corp aims to go public via a special purpose acquisition company (SPAC) merger with Tailwind Two Acquisition…
56 Biggest Movers From Yesterday
Gainers
Bakkt Holdings, Inc. (NYSE: BKKT) shares jumped 234.4% to close at $30.60 on Monday after the company and Mastercard announced a partnership for crypto and loyalty solutions.
Wedbush Downgrades Casper Sleep On Financial Stability Woes
Wedbush analyst Seth Basham downgraded Casper Sleep Inc (NYSE: CSPR) to Neutral from Outperform with a price target of $4, down from $10.50.
