(ticker: T) fell 6.3% to $13.59 after the telecom company was downgraded to neutral from purchase To
City
.
was downgraded by JP Morgan last week on concerns about the company’s wireless growth and potential liability for lead-sheathed cables. Verizon Communications (VZ) also slid on the news, down 6.1%. AT&T was the main decliner of the
Monday, and was trading at its lowest level in 30 years, according to Dow Jones Market Data. First Solar (FSLR) was the best performer, rising 7.6%.
(F) fell 5.4% after the auto giant said it was slash the prices of its all-electric F-150 Lightning pickup truck.
(BBIO) soared 80% after biopharmaceutical company reported positive results of a phase 3 study of its investigational drug acoramidis in transthyretin amyloid cardiomyopathy, or ATTR-CM.
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(YELP) grew 11% after upgrading local recommendation site to Buy from Neutral at
(YETI) fell 5.5% after the premium cooler maker was downgraded to underweight relative to the sector weighting at KeyBanc.
(TSLA) increased by 2% after the first cybertruck rolled off the assembly line over the weekend. The truck was first introduced in 2019, but production has been repeatedly delayed due to supply chain issues, the company said.
(RIVN), whose activity consists mainly of electric vans, abandoned 5.1% on news.
(PGR) gained 3.7% after the insurance company moved from neutral to overweight at
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(MSFT) and
agreed to keep
ActivisionBlizzard
It is
(ATVI) Call of Duty video game on
sony
It is
PlayStation system after
completes its acquisition of Activision. Sony opposed the Microsoft-Activision merger, fearing that Microsoft would keep Call of Duty exclusive to its Xbox system. The Wall Street Journal reported that Sony has confirmed a 10-year deal has been agreed. Microsoft shares rose 0.2%, US-listed shares of Sony rose 1.3% and Activision jumped 3.5%.
(STT) fell 2.4% after receiving downgrades from
UBS
,
JP Morgan and Keefe Bruyette. The stock fell 12% on Friday after the financial services company reported second-quarter results.
(TWLO) fell 1% after shares of the software company were downgraded to neutral from overweight to
Reports on the results are expected this week from
(BAC),
(SP),
(LMT),
(TSLA),
(NFLX),
(GS),
International Business Machinery
(IBM),
(JNJ),
(PM),
(UAL),
(ALA), and
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(AXP).
Write to Joe Woelfel at joseph.woelfel@barrons.com
