Morning Movers: Arcadium Lithium surges after deal to be acquired

Check out this morning’s top movers from around Wall Street, compiled by The Fly.

HIGHER –

• Arcadium Lithium (ALTM) up 30% after Rio Tinto (RIO) and the company announced a definitive agreement under which Rio Tinto will acquire Arcadium in an all-cash transaction for $5.85 per share
• Clearside Biomedical (CLSD) up 10% after announcing that the ODYSSEY Phase 2b clinical trial of CLS-AX, or axitinib injectable suspension, for the treatment of neovascular age-related macular degeneration achieved both its primary and secondary outcomes
• Biomea Fusion (BMEA) up 5% after EF Hutton initiated coverage of the stock with a Buy rating and $128 price target

UP AFTER EARNINGS –

• Helen of Troy (HELE) up 15%

LOWER –

• Alphabet (GOOGL) down 1% after the Department of Justice on Tuesday indicated that it was considering a possible breakup of Google as an antitrust remedy
• Boeing (BA) down 1% after withdrawing from negotiations with the International Association of Machinists and Aerospace Workers
• Rio Tinto (RIO) down 1% in New York trading after the company and Arcadium Lithium announced a definitive agreement under which Rio Tinto will acquire Arcadium in an all-cash transaction for $5.85 per share.
• Crinetics (CRNX) down 1% after 10M share secondary offering priced at $50.00
• Delek Logistics (DKL) down 10% after 3.85M share secondary offering priced at $39.00