Midday Stock Movers: Twitter, Snowflake, Deere
2022.04.25 19:30
By Sam Boughedda
Investing.com — U.S. stocks are following their European counterparts in trading lower Monday. Here are the midday movers on April 25th.
Twitter Inc (NYSE:TWTR) is still trading higher, up 4.1%, on the news it is nearing a deal for Elon Musk to acquire the company for $54.20 per share in cash.
Nkarta Inc (NASDAQ:NKTX) has more than doubled from Friday’s close after reporting positive data from two lead engineered natural killer cell programs.
Snowflake Inc (NYSE:SNOW) is up 7.4% after being initiated with an Outperform rating and a $250 price target at Wolfe Research. Wolfe analyst Allan Verkhovski said they are “very excited about the potential for meaningful revenue outperformance.”
Deere & Company (NYSE:DE) has tumbled over 7% after it was downgraded by BofA analyst Ross Gilardi to Neutral from Buy. The analyst also lowered his price target on the stock to $450 per share from $475.
Philips (NYSE:PHG) ADRs are still 12% lower after the Dutch-based medical technology group warned of multiple risks to its growth outlook for the year.
Energy stocks such as Chevron Corp (NYSE:CVX), Marathon Oil (NYSE:MRO), and Exxon Mobil (NYSE:XOM) have tumbled Monday as oil prices slide on fears of a demand slowdown due to lockdowns in Shanghai.
