Stansberry Research

U.S. Late-Day Stock Moves: MUDS, CARA, GNOG, EBON, PAYX

Daniel SmootStansberry NewsWire
Tuesday, April 6th, 2021 at 7:29 PM

Advances:

  • Mudrick Capital Acquisition (MUDS) +18%. MUDS announced a merger with Topps.
  • Cara Therapeutics (CARA) +13.8%. CARA will be included in the S&P SmallCap 600.
  • Golden Nugget Online Gaming (GNOG) +11.6%. GNOG shares were initiated as a "buy" at Jefferies.
  • Illumina (ILMN) +8.1%. ILMN's preliminary first-quarter revenue topped estimates.
  • Snap (SNAP) +4.1%. SNAP shares were upgraded from "neutral" to "overweight" at Atlantic Equities.

Declines:

  • Ebang International (EBON) -13.5%. Hindenburg Research released a cautious report on the company.
  • Paychex (PAYX) -5%. PAYX's third-quarter revenue was weaker than expected.
  • Greenbrier (GBX) -4.8%. GBX's second-quarter results disappointed.
  • Acadia Pharmaceuticals (ACAD) -2.5%. ACAD shares were downgraded from "buy" to "hold" at Jefferies.