Market Movers Today: Cloudera Inc (CLDR), Proteostasis Therapeutics Inc (PTI), Tenax Therapeutics Inc (TENX), Lennar Corporation (LEN), and More

RMG Networks Holding Corp (NASDAQ:RMGN) (Benzinga)
RMG Networks Holding Corporation declined 17.6 percent to $1.20 after the company agreed to be acquired by SCG Digital for $1.27 per share.

Deere & Company (NYSE:DE) (Chicago Tribune)
Stocks have rallied back from an early jolt Wednesday, as investors weighed whether back-and-forth tariff threats between the U.S. and China could escalate into full-fledged trade hostilities or if the two sides could eventually settle their differences. The Trump administration on Tuesday released a list of 1,300 imported Chinese products, including industrial robots and telecoms gear, subject to potential tariffs to protest Beijing’s alleged theft of U.S. technology. China’s envoy to the WTO said Beijing would challenge the U.S. moves. Industrial companies were rocked. Aerospace company Boeing shed $7.62, or 2.3 percent, to $323.20. Farm equipment maker Deere lost $5.88, or 3.8 percent, to $147.16 and construction equipment maker Caterpillar fell $2.04, or 1.4 percent, to $143.02.

Boeing Co (NYSE:BA) (TheStreet)
Boeing Co. (BA) shares fell more than 4% in Wednesday morning trading after China said it would put a 25% tariff on airplanes in response to proposed tariffs by President Donald Trump’s administration on $50 billion worth of imports, including medicines, chemicals and consumer electronics. Boeing shares were down 4.55% in the first minutes of trading, changing hands at $316.06.

Spotify (SPOT) (CNBC)
Shares of Spotify dropped as much as 8.5 percent in a volatile morning of trading Wednesday, a day after debuting on public markets. The stock opened at $140, lower than Tuesday’s close but still higher than its reference price of $132 set Monday. The shares pared losses later in the morning, putting the stock closer in line with overall morning market declines. But Spotify dipped again in the afternoon – even as markets recovered – falling six percent below its opening price.

Facebook, Inc. (NASDAQ:FB) (MarketWatch)
Morgan Stanley analyst Brian Nowak cut his price target on Facebook Inc. FB, -1.72% to $200 from $230 Wednesday, though he kept his overweight rating on the stock. “Over the long-term, we think the elimination of third parties is smart strategically,” Nowak wrote. At the same time, he updated his near-term view to be more conservative, which now includes a lower forecast for ad-price increases this year. He currently projects 25% growth in ad prices.