Some of the day’s big movers
RISERS
Parkway Inc (NYSE:PKY), up 12.1% at US$22.85
The Canada Pension Plan Investment Board is to acquire the self-managed real estate investment trust (REIT) in a takeover worth US$23.05 per share. The deal values Houston-based Parkway at US$1.2bn.
Nike Inc (NYSE:NIKE), up 8.5% at US$57.70
The controversial sportswear maker received a double-boost, with better than expected earnings announced last night supplemented by news that its footwear will be sold online via Amazon.com Inc (NASDAQ:AMZN).
LOSERS
Cara Therapeutics Inc (NASDAQ:CARA), down 30% at US$17.84.
The stock tanked after the company issued top-line results last night from its Phase 2b trial of orally taken CR845, a treatment for osteoarthritis of the knee or hip. CR845 failed to produce lower pain scores compared to the placebo in any dosage.
Blue Apron Holdings Inc (NYSE:APRN), down 3.7% at US$9.63.
The stock finished its first day of trading yesterday at its listing price of US$10 - and that’s despite the company slashing the issue price in order to get institutional clients on board. Today, it has moved below the issue price.