Mid-Day Market Update: Nasdaq Rises 100 Points; Quidel Shares Plummet
Midway through trading Thursday, the Dow traded up 0.62% to 35,975.34 while the NASDAQ rose 0.66% to 15,624.94. The S&P also rose, gaining 0.67% to 4,728.06.
10 Biggest Price Target Changes For Thursday
Barclays lifted the price target on Cintas Corporation (NASDAQ: CTAS) from $470 to $500. Cintas shares rose 1.2% to $434.11 in pre-market trading.
Morgan Stanley Maintains Equal-Weight on Allakos, Lowers Price Target to $10
Morgan Stanley analyst Michael Ulz maintains Allakos (NASDAQ:ALLK) with a Equal-Weight and lowers the price target from $86 to $10.
50 Biggest Movers From Yesterday
Gainers
Society Pass Incorporated (NASDAQ: SOPA) shares surged 53.4% to settle at $16.31 on Wednesday.
Mid-Afternoon Market Update: CalAmp Drops After Q3 Results; Red Cat Holdings Shares Surge
Toward the end of trading Wednesday, the Dow traded up 0.51% to 35,674.84 while the NASDAQ rose 0.53% to 15,422.40. The S&P also rose, gaining 0.60% to 4,677.06.
Why Allakos Shares Are Plummeting Today
Allakos Inc (NASDAQ: ALLK) is trading significantly lower Wednesday after the company announced ENIGMA 2 and KRYPTOS studies did not achieve statistical significance on the patient reported symptomatic co-primary endpoints.
Mid-Day Market Update: Nasdaq Rises Over 100 Points; Allakos Shares Plunge
Midway through trading Wednesday, the Dow traded up 0.41% to 35,637.05 while the NASDAQ rose 0.80% to 15,463.85. The S&P also rose, gaining 0.67% to 4,680.45.
32 Stocks Moving In Wednesday’s Mid-Day Session
Gainers
Red Cat Holdings, Inc. (NASDAQ: RCAT) shares surged 31.7% to $2.41 after the company announced it was awarded a multiple award blanket purchase agreement by the United States Customs and Border Protection worth up to $90 million over five years.