Stocks to Watch: Circor International, Callon Petroleum, American Airlines, Boeing and More
15 July 2019 - 11:18PM
Dow Jones News
By Julia Donheiser and Allison Prang
Here are some of the companies with shares expected to trade
actively in Monday's session. Stock movements noted by ticker
reflect movements during regular trading hours; premarket trading
is specified separately.
Circor International Inc. -- Down 18% premarket: Manufacturing
company Crane Co. said it would no longer try to buy Circor. The
company's tender offer to buy Circor for $48 a share is supposed to
expire at midnight on Friday, Crane said.
Callon Petroleum Co. -- Down 12% premarket: The company is
buying Carrizo Oil & Gas Inc. in an all stock deal, both Callon
and Carrizo said. Shareholders of Callon are expected to own about
54% of the combined company, the companies said.
American Airlines Group Inc. -- Down 0.4% premarket on low
volume: The company said it extended the cancellation of more than
100 daily flights as a result of Boeing Co.'s 737 MAX being
grounded, according to Reuters. The company is extending the
approximately 115 daily flight cancellations for the fourth time.
They will be canceled through early November.
Capricor Therapeutics Inc. -- Up 83% premarket: The biotech
company said a data analysis on a clinical trial for a Duchenne
muscular dystrophy treatment "showed statistically significant
results." The stock closed at $3.22 a share last week.
Boeing Co. -- Down 1.1% premarket: The company's 737 MAX planes
are unlikely to be ready to carry passengers again until next year
because of the time needed to fix flight-control software and
complete other steps, The Wall Street Journal reported.
Gilead Sciences Inc. -- Up 0.4% premarket: Gilead will pay $5.1
billion to boost its stake in Galapagos and gain rights outside
Europe to the Belgian biotechnology company's treatments in
development.
Facebook Inc. -- Down 0.5% premarket: The Federal Trade
Commission approved a roughly $5 billion settlement with the
social-media giant last week for privacy missteps, The Wall Street
Journal reported late in Friday's session.
Johnson & Johnson -- Up 0.4% premarket: The health-care
company's shares dropped 4.1% Friday, its worst day since late May,
following a Bloomberg News report that the Justice Department is
pursuing a criminal investigation of the company's handling of
talcum powder and alleged cancer risks. J&J said there were no
new developments in the probe.
Infosys Ltd. (ADR) -- Up 1.3% premarket: The Indian consulting
firm surged 6.3% Friday to an all-time high after beating earnings
expectations in the latest quarter and raising revenue projections
for the year.
Illumina Inc. -- Up 0.3% premarket: Shares of the genetics
company slid 16% Friday, their largest drop since October 2016,
after the company warned quarterly revenue will fall short of
expectations. Analysts at Bank of America Merrill Lynch cut their
rating on the stock to underperform from buy.
This is a version of the "Stocks to Watch" section of our
Markets newsletter. To receive it every morning via email, click
here.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
July 15, 2019 09:03 ET (13:03 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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