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Today's Morning Movers and Top Ratings: NKE, AMZN, KMX, V and More

Movers and Shakers wrote a column · Apr 11 07:15
Morning Movers
Gapping up
$Nike(NKE.US)$ stock increased by 1.4% after the sportswear company revealed its Olympic kits, aiming to leverage the appeal of top athletes to attract more consumers.
$Alpine Immune(ALPN.US)$ stock surged over 36% after Vertex Pharmaceuticals announced its plan to acquire the biotech company for about $4.9 billion in cash, which would give Vertex access to a treatment for an autoimmune kidney disease.
$Rent the Runway(RENT.US)$ stock jumped 30% after the clothing rental subscription service reported a smaller loss compared to the previous year and demonstrated modest subscriber retention.
$Albemarle(ALB.US)$ stock went up by 1.1% following Berenberg's upgrade of the lithium miner to 'buy' from 'hold', based on increased lithium volumes and an upward trend in lithium prices, suggesting that the company might not need additional equity financing in the near term.
Gapping down
$CarMax(KMX.US)$ stock dropped 9.1% after the used car retailer reported lower profits for the fourth quarter, affected by reduced profitability per unit sold.
$Amazon(AMZN.US)$ stock declined by 0.4% as the company's CEO, Andy Jassy, indicated that Amazon is continuing to look for ways to cut costs in its fulfillment network after having reduced staff in various divisions in recent months.
$Robinhood(HOOD.US)$ stock decreased by 3.6% after Citigroup downgraded the brokerage to 'sell' from 'neutral', pointing to its correlation with Bitcoin, despite improving fundamentals.
$Regeneron Pharmaceuticals(REGN.US)$ stock fell by 1% after the company faced allegations of fraudulent practices by the Justice Department related to its vision drug, Eylea.
$Fastenal(FAST.US)$ stock dropped 5.6% following the industrial distributor's report of disappointing first-quarter earnings, with the CEO commenting on persistently weak demand as the core issue.
Source: CNBC;
US Top Rating Updates on 04/11
Today's Morning Movers and Top Ratings: NKE, AMZN, KMX, V and More
Source: Dow Jones
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