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Morning Movers: Intra-Cellular surges following deal to be bought by J&J
The Fly

Morning Movers: Intra-Cellular surges following deal to be bought by J&J

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

Stay Ahead of the Market:


HIGHER –

  • Intra-Cellular (ITCI) up 34% after Johnson & Johnson (JNJ) and the company announced that they have entered into a definitive agreement under which Johnson & Johnson will acquire all outstanding shares of Intra-Cellular Therapies for $132.00 per share
  • Sage Therapeutics (SAGE) up 36% after confirming that Biogen (BIIB) has submitted to the company an unsolicited, nonbinding proposal to acquire all of the outstanding shares of Sage Therapeutics not already owned by Biogen for $7.22 per share


UP AFTER PRELIMINARY EARNINGS –

  • Lululemon (LULU) up 2%
  • Shake Shack (SHAK) up 1%


DOWN AFTER PRELIMINARY EARNINGS –

  • iRobot (IRBT) down 13%
  • Abercrombie & Fitch (ANF) down 9%
  • Macy’s (M) down 1%


LOWER –

  • Moderna (MRNA) down 17% after issuing FY25 product sales guidance below expectations

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

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