Morning Movers: Arcadium Lithium surges after deal to be acquired

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


HIGHER –

  • Arcadium Lithium (ALTM) up 30% after Rio Tinto (RIO) and the company announced a definitive agreement under which Rio Tinto will acquire Arcadium in an all-cash transaction for $5.85 per share

  • Clearside Biomedical (CLSD) up 10% after announcing that the ODYSSEY Phase 2b clinical trial of CLS-AX, or axitinib injectable suspension, for the treatment of neovascular age-related macular degeneration achieved both its primary and secondary outcomes

  • Biomea Fusion (BMEA) up 5% after EF Hutton initiated coverage of the stock with a Buy rating and $128 price target


UP AFTER EARNINGS –

  • Helen of Troy (HELE) up 15%


LOWER –

  • Alphabet (GOOGL) down 1% after the Department of Justice on Tuesday indicated that it was considering a possible breakup of Google as an antitrust remedy

  • Boeing (BA) down 1% after withdrawing from negotiations with the International Association of Machinists and Aerospace Workers

  • Rio Tinto (RIO) down 1% in New York trading after the company and Arcadium Lithium announced a definitive agreement under which Rio Tinto will acquire Arcadium in an all-cash transaction for $5.85 per share.

  • Crinetics (CRNX) down 1% after 10M share secondary offering priced at $50.00

  • Delek Logistics (DKL) down 10% after 3.85M share secondary offering priced at $39.00

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