Stocks That Hit 52-Week Lows On Wednesday
During Wednesday's morning session, 34 stocks hit new 52-week lows.
RBC Capital Downgrades Gatos Silver to Underperform, Lowers Price Target to $4
RBC Capital analyst Michael Siperco downgrades Gatos Silver (NYSE:GATO) from Outperform to Underperform and lowers the price target from $17 to $4.
52 Biggest Movers From Yesterday
Gainers
Zogenix, Inc. (NASDAQ: ZGNX) shares surged 65.7% to close at $25.92 on Wednesday after the company announced it will be acquired by UCB for approximately $1.9 billion.
35 Stocks Moving In Wednesday’s Mid-Day Session
Gainers
Zogenix, Inc. (NASDAQ: ZGNX) shares jumped 67.1% to $26.15 after the company announced it will be acquired by UCB for approximately $1.9 billion.
Earnings Scheduled For November 8, 2021
Companies Reporting Before The Bell
• Privia Health Group (NASDAQ:PRVA) is projected to report quarterly loss at $0.11 per share on revenue of $215.14 million.
Goldman Sachs Initiates Coverage On Gatos Silver with Neutral Rating, Announces Price Target of $14
Goldman Sachs analyst Emily Chieng initiates coverage on Gatos Silver (NYSE:GATO) with a Neutral rating and announces Price Target of $14.
CIBC Maintains Outperformer on Gatos Silver, Lowers Price Target to $20.5
CIBC analyst Cosmos Chiu maintains Gatos Silver (NYSE:GATO) with a Outperformer and lowers the price target from $24 to $20.5.
4 Stocks Insiders Are Buying
When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Earnings Scheduled For August 9, 2021
Companies Reporting Before The Bell
• Privia Health Group (NASDAQ:PRVA) is projected to report quarterly loss at $1.57 per share on revenue of $215.17 million.