Russia's attempted insurrection is on investors' minds
Stocks are modestly below breakeven this afternoon, with the Dow Jones Industrial Average (DJI) last seen down 58 points as it heads for its sixth-straight daily loss. A brief rebellion in Russia led by Yevgeny Prigozhin, a former ally of President Vladimir Putin and chief of a private mercenary group, is on investors' minds. Elsewhere, U.S. Treasury yields are moving slightly lower.
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Options traders are targeting General Mills Inc (NYSE:GIS) ahead of the company's fiscal fourth-quarter earnings report, due out before the open Wednesday, June 28. So far, 7,925 calls and 4,674 puts have been traded, which is six times the average intraday volume. The July 82.50 call is the most popular, with new positions being opened there. At last check, GIS was down 0.7% at $80.78, and sporting a 3.5% year-to-date deficit.
TRxADE Health Inc (NASDAQ:MEDS) is at the top of the Nasdaq today, up 83.3% at $15.47 at last glance, following news that the health services IT name is merging with Superlatus to create a global food consolidation platform. Today's pop has MEDS above its 320-day moving average for the first time in almost two years. Year-to-date, the equity is up 153.4%.
FibroGen Inc (NASDAQ:FGEN) is plummeting to record lows today, after the company's lung disease treatment failed in a late-stage trial. Entering penny stock territory, the equity is down 81.7% at $2.94 at last check. Year-to-date, FGNE is down 82.4%.