Stock Market Gainers & Losers
Trading stocks is no longer hard to do. With so many great features offered by advanced broker dealers through direct access trading platforms, beginners can trade more comfortably. But it’s always important to watch for the markets.
Electrocore Inc ($ECOR) was granted a Sell rating on Trading View despite its 35.86% growth to $2.69. News emerged that a class action lawsuit has been filed against the company on behalf of shareholders for recovering damages caused by purported federal security law violations. Broadvision Inc ($BVSN) got a Buy rating after it rose 28.99% to $2.67. Avaya Holdings Corp ($AVYA) rose 28.31% to $12.99. RingCentral Inc ($RNG) was given a Buy rating by Trading View after it rose 27.57%.
Partnership Announcement Sends Stocks Soaring
Both Avaya and RingCentral are soaring because of their new partnership. The deal for the partnership is that office communications system provider Avaya will make use of the cloud technology offered by RingCentral while the latter will pay $375 million to Avaya for licensing rights, and as advance sales commissions. It will also carry out a preferred equity investment of $125 million, translating to a stake in Avaya amounting to 6%.
In the S&P 500, Skyworks Solutions Inc ($SWKS) had a 4.37% gain to $80.64. Chubb Ltd ($CB) grew 3.59% to $162.06. Thermo Fisher Scientific Inc ($TMO) gained 3.32% to touch $292.30. ConAgra Brands Inc ($CAG) had a 3.18% rise to $28.86.
Ovid Therapeutics Inc ($OVID) was given a Sell rating on Trading View after it dropped 26.91% to $2.39. Arcimoto Inc ($FUV) was categorized a Strong Sell following its 17.20% dip to $2.34. Iterum Therapeutics PLC ($ITRM) was a Strong Sell owing to its 14.91% drop to $4.85. Tiziana Life Sciences PLC ($TLSA) is a Strong Sell as it dropped 13.44% to $4.48.
In the S&P 500, HP Inc ($HPQ) had a 9.57% drop to $16.64. Apache Corp ($APA) sank 5.18% to $22.16. Corteva Inc ($CTVA) experienced a 3.68% dip to $25.89. Ulta Beauty Inc ($ULTA) slipped 2.65% to $250.60.
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