Why Owlet Shares Are Tumbling Today
Owlet Inc (NYSE: OWLT) is trading significantly lower Monday after the company announced it received a Warning Letter from the U.S. Food and Drug Administration.
Mid-Morning Market Update: Markets Mostly Lower; US Factory Orders Surpass Estimates
Following the market opening Monday, the Dow traded down 0.01% to 34,326.18 while the NASDAQ fell 1.4% to 14,362.69. The S&P also fell, dropping 0.51% to 4,334.77.
48 Biggest Movers From Yesterday
Gainers
Edesa Biotech, Inc. (NASDAQ: EDSA) shares climbed 102.7% to settle at $11.92 on Monday after the company disclosed Phase 2 data of its monoclonal antibody in hospitalized COVID-19 patients.
B of A Securities Initiates Coverage On Owlet with Buy Rating, Announces Price Target of $8.5
B of A Securities analyst John Babcock initiates coverage on Owlet (NYSE:OWLT) with a Buy rating and announces Price Target of $8.5.
54 Biggest Movers From Yesterday
Gainers
Regencell Bioscience Holdings Limited (NASDAQ: RGC) shares jumped 202.8% to settle at $46.33 on Wednesday after gaining over 11% on Tuesday. Regencell Bioscience recently reported partial exercise of underwriter’s over-allotment option.
