- Twitter Inc TWTR shares dropped 14.4 percent to $17.00 following a Bloomberg report which suggested the social media company is no longer being targeted for an acquisition. According to Bloomberg, potential bidders reportedly lost interest in acquiring Twitter due to pressure from their major investors. Companies such as salesforce.com, inc. CRM, Walt Disney Co DIS and Alphabet Inc GOOG GOOGL's Google unit all consulted with their respective financial advisers and bankers and the conclusion that was reached appears to be unfavorable for Twitter investors who were hoping a takeout would occur at a hefty premium.
- Twilio Inc TWLO shares fell 11 percent to $53.90. Twilio announced a $400 secondary offering million on Friday.
- Industrial Services of America, Inc. IDSA shares dropped 10.6 percent to $1.35. Industrial Services of America shares have declined 40.32 percent over the past 52 weeks, while the S&P 500 index has gained 6.76 percent in the same period.
- Bristol-Myers Squibb Co BMY shares slipped 9.8 percent to $50.00 as the company presented results from Phase 1 CheckMate -016 trial at the ESMO 2016.
- Haverty Furniture Companies, Inc. HVT dropped 9.4 percent to $17.91. Raymond James downgraded Haverty Furniture from Strong Buy to Market Perform.
- Myriad Genetics, Inc. MYGN shares declined 7.7 percent to $19.71 after the company disclosed that its myChoice HRD test identified patients with ovarian cancer who may benefit from treatment with niraparib.
- Dover Corp DOV shares dropped 6.3 percent to $67.72 after the company cut its earnings and sales guidance for the year.
- HSN, Inc. HSNI fell 2.2 percent to $38.90. Craig-Hallum downgraded HSN from Buy to Hold.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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