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.

AutoZone, Inc. (NYSE:AZO) (MarketWatch)
Shares of AutoZone Inc. AZO, -12.18% fell 1.5% in premarket trade Tuesday, after the auto parts retailer missed profit and same-store sales expectations, but beat on revenue. Net income for the quarter to Feb. 10 rose to $289.5 million, or $10.38 a share, from $237.1 million, or $8.08 a share, in the same period a year ago, as recent tax legislation increased net income by $171.4 million. Excluding non-recurring items, adjusted earnings per share came to $8.47, below the FactSet consensus of $8.79.

Sanchez Energy Corp (NYSE:SN) (The Motley Fool)
What happened: Shares of Sanchez Energy Corp. (NYSE:SN) fell on Tuesday and were down more than 11% at 11:00 a.m. EST. Several factors weighed on the Eagle Ford shale driller’s stock today, including the fallout from releasing its fourth-quarter results yesterday. So what: Sanchez Energy reported its financial results before the market opened yesterday. All things considered, they were pretty good, with the company earning an adjusted profit of $21.8 million, or $0.28 per share, beating the consensus estimate by $0.09 per share.

LSB Industries, Inc. (NYSE:LXU) (Benzinga)
LSB Industries, Inc. gained 17 percent to $8.35. LSB Industries reported Q4 earnings from continuing operations of $(0.30) per share on sales of $88.917 million.

Walgreens Boots Alliance Inc (NASDAQ:WBA), AmerisourceBergen Corp. (NYSE:ABC) (CNBC)
Shares of Walgreens Boots Alliance and AmerisourceBergen slid after CNBC reported deal talks have cooled and that a takeover looks unlikely. Sources told CNBC that Walgreens Chief Executive Stefano Pessina and Amerisource Chief Executive Steven Collis met to discuss a potential tie-up, but those early-stage explorations ended without an agreement. The sources, who cautioned the deal talks could once again resume, declined to be named because the information is confidential. Shares of Walgreens fell nearly 3 percent on the news, while Amerisource’s stock tumbled nearly 6 percent.

Intel Corporation (NASDAQ:INTC) (MarketWatch)
Intel Corp. INTC, +2.18% shares reached their highest prices since the dot-com bust Tuesday morning, after a Citibank analyst named it the top chip stock to target in 2018. Citi analyst Christopher Danely reportedly moved Intel from No.3 on his semiconductors list to No. 1 and compared the stock favorably to Micron Technology Inc. MU, +1.59% in early 2017; Micron stock nearly doubled in 2017 and was one of the biggest winners in the tech sector.