Nike, Editas Medicine, Moneygram Stocks Moving Today

The Dow is sharply lower today, as the Fed's two-day policy meeting kicks off. Among specific equities in focus are Dow component Nike Inc (NYSE:NKE), genome specialist Editas Medicine Inc (NASDAQ:EDIT), and money transfer concern Moneygram International Inc (NASDAQ:MGI). Here's a quick look at what's moving shares of NKE, EDIT, and MGI.

Credit Suisse Ups Outlook Ahead of Nike Earnings

Shares of NKE are 1.9% higher at $57.76, making the stock the top performer on the Dow, as well as the second-largest percentage gainer on the S&P 500 Index (SPX). Fueling the rally is a price-target hike to $67 from $60 -- into annual-high territory -- from Credit Suisse. Nike Inc could certainly stand to benefit from further bullish brokerage attention, as half of the firms following the blue-chip stock maintain a rating of "hold" or worse. This skepticism comes despite NKE's nearly 18% rally from its early-November low, and with quarterly earnings due for release one week from today. 

Editas Medicine Shares Pop on Allergan Deal 

A $90 million research and development agreement with drugmaker Allergan plc Ordinary Shares (NYSE:AGN) has EDIT stock up 9.7% at $27.33, on pace for its highest close since July. EDIT shares have tacked on roughly 68% so far in 2017, but are still sitting below the year-over-year breakeven mark. Short sellers have been betting against Editas Medicine Inc, with their bearish positions climbing by more than 26% during the most recent two-week reporting period to represent almost 18% of the stock's available float.

Fresh M&A Offer Sets Moneygram Stock on Fire

MGI is soaring 25% to $15.82 -- and earlier notched a two-year high of $16.41 -- on news the company received a buyout bid from payment processor Euronet Worldwide, Inc. (NASDAQ:EEFT) valued at over $1 billion, or $15.20 per share. This easily surpasses an offer from Ant Financial, which came in at just $13.25 per share in late January. With today's jump, which has MGI near the top of the Nasdaq for the day, the equity's year-over-year lead has widened to a whopping 165%. Still, near-term options traders are unusually put-skewed. For instance, MGI's top-heavy Schaeffer's put/call open interest ratio (SOIR) of 2.76 is docked at an annual high.