Skip to main content

Market Overview

Daily Movers: Welcoming Fitbit; BioMarin Soars Again, While Oracle Slumps

Share:

Thursday’s market session contained many exciting stock movements.

Gainers

Fitbit Inc (NYSE: FIT) was introduced to the New York Stock Exchange, opening at the price of $30.20, representing a 52 percent spike.

Kroger Co (NYSE: KR) reported earnings that were better-than-expected, although it missed analyst estimates on revenues. Kroger was up about 1 percent.

Synergy Pharmaceuticals Inc (NASDAQ: SGYP) was soaring nearly 8 percent due analyst increased target expectations alongside the positive phase III data.

BioMarin Pharmaceutical Inc (NASDAQ: BMRN) surged 12 percent due to three key factors; good news on the drug associated to the genetic mutation that causes dwarfism, strong analyst support and the NASDAQ  approached an all-time high.

Radius Health Inc (NASDAQ: RDUS) skyrocketed to $60.33, from $51.73 (17 percent increase). The catalyst was the announcement of positive top-line data associated from ACTIVExtend trial results.

Lumenis Ltd. (NASDAQ: LMNS) spiked 13 percent, from $12.68 to $13.69, as the company agreed to be purchased for $14 per share by XIO Group.

Losers

Oracle Corporation (NYSE; ORCL) tanked as much as 8 percent due to disappointing earnings results. The tech giant missed fourth quarter profits by $0.08 along with revenues dropping more than 5 percent.

Rite Aid Corporation (NYSE: RAD) dropped as low as 6 percent due to unsatisfied earnings or $0.02 per share, down from $0.04 per share from last year.

Ensco plc (NYSE: ESV) declined nearly 5 percent on the agreement it made to reduce the rate it charged Total S.A. (NYSE: TOT) due to rising oil prices.

Jabil Circuit, Inc. (NYSE: JBL) declined 7 percent to $22.61 on lower earnings estimates from Deutsche Bank. Deutsche lowered its full-year earnings for JBL from $1.68 to $1.63 after the company reported earnings of $0.49 per share.

Latest Ratings for FIT

DateFirmActionFromTo
Dec 2020Morgan StanleyDowngradesEqual-WeightUnderweight
Nov 2019DA DavidsonDowngradesBuyNeutral
Nov 2019CitigroupUpgradesSellNeutral

View More Analyst Ratings for FIT
View the Latest Analyst Ratings

 

Related Articles (FIT + KR)

View Comments and Join the Discussion!

Posted-In: Analyst Color Intraday Update Analyst Ratings Movers

Latest Ratings

StockFirmActionPT
DCredit SuisseMaintains90.0
IBKRCredit SuisseMaintains110.0
ANTruist SecuritiesMaintains100.0
AAPWedbushMaintains230.0
NTRSRBC CapitalMaintains117.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com