MU, TWTR, and XENE are among the stocks in the news today
Stock futures are mixed this morning, as Wall Street keys in on President Trump's healthcare ultimatum. Among stocks in focus are chipmaker
Micron Technology, Inc. (NASDAQ:MU), microblogging platform
Twitter Inc (NYSE:TWTR), and drugmaker
Xenon Pharmaceuticals Inc (NASDAQ:XENE). Here's a quick roundup of the headlines moving shares of MU, TWTR, and XENE.
Micron Eyes Post-Earnings Highs
MU is set to gap nearly 14% higher at the open, after an upbeat
earnings report prompted a raft of bullish brokerage attention. Specifically, no fewer than eight analysts raised their price targets on the stock, with Needham setting the highest bar, at $50 -- territory not explored since 2000. After settling yesterday at $26.47, Micron Technology, Inc. could hurdle the round $30 level today, translating into a new two-year high. Even before today, the brokerage crowd was in MU's bullish corner, with 15 of 18 handing out a "buy" or better endorsement, and not a single "sell" to be found.
Options traders have likewise taken a glass-half-full approach toward the shares.
Twitter Considers Tweetdeck Subscriptions
TWTR is mulling the creation of a
subscription-based edition of its popular Tweetdeck interface. The news has the social media shares up 1.3%, after they settled Thursday at $14.93, down 8.4% year-to-date. Twitter Inc stock has few friends on Wall Street. Specifically, 96% of analysts rate the shares a "hold" or worse, while almost 10% of TWTR's total float is sold short.
Drug Data Drills Xenon Stock
XENE is pointed 47% lower in electronic trading, after the company's
acne drug, XEN801, failed in a mid-stage study. Despite closing at $9.85 yesterday, and on a 49.6% annual lead, the stock could hit a record low if its pre-market losses materialize. This could also prompt bullish analysts to throw in the towel on Xenon Pharmaceuticals Inc. Currently, all four brokerage firms with coverage on XENE stock rate it a "strong buy."
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