February 21, 2024


Horizon Therapeutics’ global headquarters are located in Dublin, Ireland.

Nurphoto | Nurphoto | Getty Images

Check out the companies with the biggest midday moves:

horizon therapy — Shares of the biotech fell 14.17% after the FTC sued to prevent the biopharma giant from buying the company AmgenThe $27.8 billion deal is aimed at strengthening Amgen’s drug portfolio as it faces patent expirations for several key treatments over the next decade.

Vodafone — British Telecom’s US-listed shares fell 8.73% after Vodafone announced plans to cut 11,000 jobs. Chief executive Margherita Della Valle said the company’s performance was “not good enough” and that Vodafone “must change”.

western union bank — Western Alliance rose 2.7% after Bank of America reinstated its buy rating on the stock. Bank of America expressed confidence in the business model of the regional bank. “WAL does not bear much resemblance to the three failed banks in terms of business model and balance sheet characteristics,” the firm said, noting that its ratio of insured deposits to total deposits was above average. Shares are down 46% year to date.

capital one — Shares of Capital One rose 2.05 percent in a day after securities filings showed Warren Buffett’s Berkshire Hathaway took a new stake in the financial institution worth more than $950 million. The regulatory filing also showed that Michael Burry’s Scion Asset Management acquired some shares in the first quarter.

Relative humidity — Shares in the luxury furniture retailer fell 8.77%. Warren Buffett’s Berkshire Hathaway sold off its stake last quarter, according to a regulatory filing late Monday. As of the end of 2022, the Omaha-based conglomerate owned 2.36 million shares of RH stock.

letter — The stock rose 2.57%. Bill Ackman’s Pershing Square Capital Management revealed in a securities filing on Monday that it opened new offices totaling nearly $1.1 billion at Alphabet in the first quarter. position. Dan Loeb’s Third Point also took a large stake in the tech giant in the first quarter.

The Home Depot, Lowe’s — Shares of home improvement retailers Home Depot and Lowe’s fell 2.15 percent and 1.16 percent, respectively, on Tuesday. Home Depot reported its biggest revenue decline in more than 20 years earlier in the day, at $37.26 billion, compared with the $38.28 billion forecast by analysts at Refinitiv. Lowe’s will report quarterly results on May 23.

Zhiyou.com — Shares in the operator of the travel booking website rose 0.52% after Gordon Haskett upgraded the stock to buy from hold. The company said concerns over the migration of its technology stack were overblown, and that it saw tailwinds for its traditional accommodation products. It also highlighted the upcoming One-Click program, which is expected to drive future share gains.

Seen — Shares of the biotech company fell 5.97%. On Monday, Seagen director Daniel Welch disclosed the sale of 1,864 shares worth more than $370,000.Sigan and Pfizer also filed their proposed merger with the Federal Trade Commission on Friday, just days before the FTC sued to block Amgen’s acquisition of Horizon Therapeutics.

sea ​​co., ltd. — The consumer internet company fell 17.74% after first-quarter revenue slightly missed expectations. The company reported revenue of $3.04 billion, below the consensus estimate of $3.06 billion among analysts polled by FactSet.

GE Healthcare — Shares of the medical technology company rose 3.8% after Oppenheimer began reporting Monday with an outperform rating. GE HealthCare is well-positioned to benefit from an aging population and rising cases of chronic diseases, the company said.GE Healthcare Separation from parent company General Electric began trading publicly on Nasdaq on January 4 in early 2023.

eBay — The stock fell 5.31%, down 24% from Monday’s close, after Morgan Stanley lowered its price target to $74 per share from $79. The Wall Street firm said it sees slower growth for Etsy going forward.

—CNBC’s Yun Li, Tanaya Macheel, Alex Harring, Samantha Subin, Hukyung Kim, Brian Evans, Sarah Min and Michael Bloom contributed reporting.