Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Market Movers Today: Akorn, Inc. (AKRX), Akcea Therapeutics Inc (AKCA), Macy’s Inc (M), AutoZone, Inc. (AZO), and More

Akorn, Inc. (NASDAQ:AKRX) (The Motley Fool)
What happened: Shares of Akorn, Inc. (NASDAQ:AKRX), a specialty generic pharmaceutical company, are getting hammered after the company disclosed an investigation that could derail the company’s planned acquisition by Fresenius Medical Care AG & Co. (NYSE:FMS). The stock was down about 32.6% as of 11:17 a.m. EST on Tuesday. So what: Last April, Fresenius agreed to acquire Akorn for $34 per share, which was a steep premium to the stock’s price during the weeks leading up to the announcement.

Akcea Therapeutics Inc (NASDAQ:AKCA) (Benzinga)
Akcea Therapeutics Inc shares fell 29.5 percent to $15.92 as the company posted a wider-than-expected quarterly loss. Cowen & Co. downgraded Akcea Therapeutics from Outperform to Market Perform, while Wells Fargo downgraded the stock from Outperform to Market Perform.

stock, market, tablet, screen, trade, forex, graph, chart, touch, rate, business, global, data, interest, information, hand, index, visual, growth, finger, internet, nyse, pc, retail,

Bloomua/Shutterstock.com

Macy’s Inc (NYSE:M) (TheStreet)
Macy’s Inc. (M) stock soared nearly 12% to $30.70 after the opening bell, then slipped to $28.55 by 11:28 a.m. ET, on Tuesday, Feb. 27, after the retailer released strong fourth-quarter earnings. The company reported operating income of $1.21 billion, or 14% of sales, compared with $815 million or 9.6% of sales, for 2016’s fourth quarter. The company also reported a bump in cash flow year over year. Macy’s posted revenue of $8.67 billion instead of the expected $8.68 billion, but 1.8% up year over year; earnings per share of $2.82 versus the expected $2.71; and a same-store sales rise of 1.3% versus expected growth of 0.1%.

Comcast Corporation (NASDAQ:CMCSA) (CNBC)
Comcast – Comcast offered to buy British broadcaster Sky for $31 billion, in a challenge to 21st Century Fox. The NBCUniversal parent’s per-share offer is about 16 percent higher than Fox’s prior agreement to buy the portion of Sky that it doesn’t already own. NBCUniversal is the parent of CNBC.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...