Morning Movers: Lowe’s moves lower after guidance cut

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

HIGHER –

• Hawaiian Airlines (HA) and Alaska Air (ALK) up 11% and 1%, respectively, after The Wall Street Journal reported the companies have cleared a major milestone to combine companies after the Justice Department opted against challenging the deal on antitrust grounds
• Eli Lilly (LLY) up 1% after announcing topline results from the SURMOUNT-1 three-year study evaluating the efficacy and safety of tirzepatide once weekly for long-term weight management and delay in progression to diabetes in adults with pre-diabetes and obesity or overweight

UP AFTER EARNINGS –

• Amer Sports (AS) up 9%
• XPeng (XPEV) up 2%
• Medtronic (MDT) up 1%
• Palo Alto Networks (PANW) up 2%

DOWN AFTER EARNINGS –

• Vipshop (VIPS) down 6%
• Lowe’s (LOW) down 1%
• Sidus Space (SIDU) down 16%

LOWER –

• Paramount (PARA) down 3% after Reuters reported Edgar Bronfman Jr. submitted a bid valued at roughly $4.3B to take over the company through the acquisition of National Amusements, the family holding company that owns a controlling stake in the media company
• Kymera Therapeutics (KYMR) down 1% after $225M secondary priced at $44.55