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Company News for Jan 10, 2023

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  • Shares of Regeneron Pharmaceuticals Inc. (REGN - Free Report) plummeted 7.7% after the company declared that sales of its Eylea drug were negatively impacted in fourth-quarter 2022 due to pressure from an off-label competitor.
  • Shares of Lululemon Athletica Inc. (LULU - Free Report) plunged 9.3% after the company reported that its gross margin has shrank in fourth-quarter 2022.
  • Duck Creek Technologies Inc. shares soared 46.5% after the company said that private equity firm Vista Equity Partners will acquire it for $19 per share.
  • Baxter International Inc. (BAX - Free Report) shares tumbled 7.7% after the company announced that it will spin off its kidney care business to restructure the company.

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