Seattle Genetics Inc. (Nasdaq: SGEN) reported upbeat results from a Phase 3 ECHELON-1 clinical trial of adcetris to treat classical Hodgkin lymphoma but the stock price plunged $5.19 to close at $56.55.


GrubHub downgraded

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Morgan Stanley downgraded GrubHub Inc. (NYSE: GRUB) to an Equal Weight rating from an Overweight rating and cut its price target from $47.00 to $43.00 sending the stock price plummeting $3.06 to close at $44.64.

 


Apple leases SUVs from Hertz

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Apple Inc. (Nasdaq: AAPL) will lease six Lexus SUVs from Hertz Global Holdings Inc. (NYSE: HTZ) to test its autonomous car technology. Shares of Hertz climbed $1.29 to close at $10.83 while Apple stock eased 46 cents to close at $145.82.


Emails surfaced that Arconic Inc. (NYSE: ARNC) supplied combustible panels that were used at the Grenfell Tower in London that caught on fire on June 14 and killed at least 79 people sending the stock price tumbling $1.53 to close at $24.01. 



Avis partners with Waymo

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Google's Waymo (Nasdaq: GOOG) selected Avis Budget Group Inc. (Nasdaq: CAR) to service and support autonomous vehicles in Phoenix. Shares of Avis surged $3.43 to close at $27.67 while Google stock plummeted $13.32 to close at $952.27.



Berkshire Hathaway acquired a 9.8% stake in Store Capital Corp. (NYSE: STOR) for approximately $377 million. The stock price soared $2.34 to close at $23.11.



FDA approves Portola's Bevyxxa

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The Food and Drug Administration approved Portola Pharmaceuticals Inc.'s (Nasdaq: PTLA) blood clot prevention drug Bevyxxa. Shares of the company surged $17.81 to close at $56.06.


Coverage initiated on AdvanSix

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Cowen initiated coverage of AdvanSix Inc. (NYSE: ASIX) with an Outperform rating sending the stock price soaring $2.83 to close at $32.85.



Ocular Therapeutix Inc. (Nasdaq: OCUL) named Antony Mattessich as its next chief executive. The stock price plunged $1.39 to close at $10.15.



Bed Bath & Beyond disappoints

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Bed Bath & Beyond Inc. (Nasdaq: BBBY) disappointed with sharply lower first quarter earnings of 53 cents per share compared with 80 cents per share in the year ago period that missed expectations by a wide margin sending the stock price plummeting $4.09 to close at $29.65.

 


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