U.S. Stocks Turn Higher; Athira Pharma Shares Plummet
U.S. stocks turned higher midway through trading, with the Nasdaq Composite gaining around 30 points on Wednesday.
40 Stocks Moving In Wednesday’s Mid-Day Session
Gainers
Ocean Bio-Chem, Inc. (NASDAQ: OBCI) shares jumped 116.6% to $12.82 after the company announced it will be acquired by OneWater Marine for $13.08 per share in cash.
21 Stocks Moving in Wednesday’s Pre-Market Session: Revlon, La-Z-Boy, Houston American, Ovintiv And More
Gainers
Codex DNA, Inc. (NASDAQ: DNAY) rose 64.5% to $3.52 in pre-market trading after declining 10% on Tuesday.
US Stock Futures Down; Powell Testimony In Focus
Pre-open movers
U.S. stock futures traded lower in early pre-market trade after the Dow Jones gained more than 600 points in the previous session.
ProFrac Holding Corp. To Acquire U.S. Well Services in for ~$1.21/Share in All-Stock Deal
roFrac Holding Corp. (NASDAQ: PFHC) ("ProFrac" or the "Company") announced today that it has reached an agreement to acquire U.S. Well Services, Inc.
ProFrac Holding To Acquire West Texas Sand Operations For ~$90M
ProFrac Holding Corp. (NASDAQ:PFHC) ("ProFrac" or the "Company") announced today that its subsidiary, ProFrac Holdings II, LLC, has entered into a definitive agreement to acquire SP Silica
Stifel Maintains Buy on ProFrac Holding, Raises Price Target to $27
Stifel analyst Stephen Gengaro maintains ProFrac Holding (NASDAQ:PFHC) with a Buy and raises the price target from $24 to $27.
Earnings Scheduled For June 16, 2022
Companies Reporting Before The Bell
• Commercial Metals (NYSE:CMC) is expected to report quarterly earnings at $1.98 per share on revenue of $2.41 billion.