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Stock Market Live Updates 02/09 – CORT Stock Skyrockets

Updated: 2 Sep 2020
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latest updates

Latest 21:05
US Markets Close

DOW JONES  +1.59% 29,100

S&P 500           +1.56% 3,581

NASDAQ          +0.98% 12,056

A positive day all round for European and US indices.

Have a good evening all.

Today 20:28
Kansas City Southern Shares Spike

$KSU

Kansas City Southern shares have spiked after Dow Jones reported that “a group of buyout investors has made a takeover offer for railroad operator Kansas City Southern, according to people familiar with the matter.”

KSU shares are up 4.55% at $192.68 per share.

Today 18:05
Cort Therapeutics (CORT)

$CORT

Concept Therapeutics has surged 40% over word via Bloomberg that exclusivity of its one drug, Korlym (which $TEVA has filed to develop as a generic) is faring well during today’s hearing.

CORT shares are currently trading at $18.

Today 18:00
Amarin Stock Plunges (AMRN)

$AMRN

Amarin stock has plunged over 30% today as traders reacted to the news that judges have been assigned in its appeal of a ruling by a Nevada court that meant other companies were able to produce generic versions of Vascepa.

Its shares are currently trading at $5.17, down 28.86%.

Today 16:42
European Equities Close

FTSE 100     +1.36%  5,941

DAX              +2.05%  13,239

STOXX 50    +1.81%   3,337

 

Today 16:00
Tesla (TSLA) Stock Plummets

$TSLA

Tesla stock has plummeted over 6% so far today.

It is currently trading at $46.02 per share.

 

Today 15:28
SmileDirectClub (SDC) Stock

$SDC

SmileDirectClub Stock has surged 24% to $9.77 per share after its CEO and Chairman, David Katzman increased his stake by 12.78 million shares, at prices ranging from $7.63 to $8.25.

Today 14:46
US Equities

DOW        +0.56%

S&P 500  +0.54%

NASDAQ +0.64%

Today 12:25
Macy's Stock Rises

Macy’s stock is up 6% at $7.43 premarket after the company reported its second-quarter financial earnings.

Today 10:28
European Stock Movers

Wirecard +36%

Parrot +28%

Atlantia +15% Talks with state-backed lender Cassa Depositi e Prestiti are close to an agreement

Ted Baker +10%  Ted Baker founder Ray Kelvin returns to active role

Computacenter +10%  Company upgrades forecasts

ImmuPharma -18%  Shares fall after the company announces it has raised £6.5 million via an oversubscribed placing of new ordinary shares priced at 11p per share.

 

 

Today 08:55
European Equities

FTSE 100  +1.41%  5,944

DAX           +1.48%  13,165

STOXX 50 +1.35%  3,325

A strong morning so far.

Today 08:00
Morning Preview

Good morning people…

-Asian markets traded mixed (again) overnight. Both the ASX and Nikkei closed higher, but the Hang Seng and the Shanghai composite are currently trading lower.

-US President Trump reiterated that he wants to see the US ‘compensated’ for the TikTok deal.

-AMC shares surged post-market after the company said 70% of its locations will be open by Friday.

-In FX markets the USD showed some strength yesterday afternoon and has stayed stable since, with the EURUSD still hovering just above 1.19.

-Australia’s GDP came in lower than expected.

-On the data calendar, we have already seen German retail sales for July came in below expectations, later on, today we have US ADP employment, US factory orders and a whole host of central bank speakers from the Fed and BoE.

-Names on the earnings calendar include Guess, Macy’s, Cloudera, Rocket Mortgage, Ambarella, and Guidewire.

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