Concerns about Syria sink stocks

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Concerns about a potential military offensive in Syria sank the markets with the Dow crashing 218 points to 24,189. Nasdaq fell 25 points to 7069.


On the upside


Pretium Resources (NYSE: PVG) reported first quarter production results and provided an operations update for the Brucejack Mine. 


Stifel Nicolaus upgraded AeroVironment (Nasdaq: AVAV) from a Hold rating to a Buy rating and lifted its price target from $45.00 to $65.00.


Rosenblatt Securities expects Applied Optoelectronics (Nasdaq: AAOI) to rebound this quarter.

 

On the downside 


Kerrisdale Capital wrote that it was shorting QuinStreet (Nasdaq: QNST) due to the company's outdated business model.


Analogic (Nasdaq: ALOG) will be taken private by an affiliate of Altaris Capital Partners for a discounted price of $84.00 per share in cash.


Profit taking weighed down shares of CarGurus (Nasdaq: CARG).


In the broad market, advancing issues were on par with decliners on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The broader S&P 500 fell 14 points to 2,642. Bitcoin gained $49 to $6,911.


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This page contains a single entry by published on April 11, 2018 1:49 PM.

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