Company News for Dec 26, 2023

Zacks Equity Research Published on December 26, 2023

Karuna Therapeutics, Inc. (KRTX) shares surged 47.7% following the announcement that Bristol-Myers Squibb Company (BMY) intends to acquire the biotech company for an estimated $14 billion.
Shares of NIKE, Inc. (NKE) fell 11.8% after the company reported second-quarter 2024 revenues of $13.39 billion, missing the consensus estimate by $13.4 billion.
Tencent Holdings Limited (TCEHY) shares declined 9.8% due to new Chinese regulations targeting excessive online gameplay and spending.
Shares of Rocket Lab USA, Inc. (RKLB) advanced 22.8% following the announcement that the company secured a U.S. government contract valued at up to $515 million.

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