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Company News for Aug 26, 2020

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  • Shares of Medtronic plc (MDT - Free Report) rose 2.5% after the company reported first-quarter fiscal 2021 adjusted earnings per share of 62 cents, beating the Zacks Consensus Estimate of 21 cents.
  • The J. M. Smucker Company’s (SJM - Free Report) shares jumped 6.9% after the company reported first-quarter fiscal 2021 earnings of $2.37 per share, surpassing the Zacks Consensus Estimate of $1.68.
  • American Airlines Group Inc.’s (AAL - Free Report) shares dropped 2.2% after the company announced that it would lay off 19,000 employees in October unless the government extends airline payroll aid.
  • Shares of Immunovant, Inc. (IMVT - Free Report) rose 3.5% after the company announced the results from its multi-center, placebo-controlled Phase 2a trial of IMVT-1401 were statistically significant.

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