October 12, 2020 BARRON’S M9
Thechartsrecordthenetchangeinshareprice,thehigh,lowandclosingtrades,andsharevolumeforcompanieswithnoteworthystockactivitylastweek.Inaddition,thegraphsdepictlastweek’sdailypriceactivityindetail.The
dottedlineonsomegraphsdenotesthestock’s200-daymovingaverage;lackofamovingaveragemeanstheshareshavetradedforlessthanthattimeperiod.
Charting the Market
AgraphiclookatselectedstockactivityfortheweekendedOctober9,2020 n EditedbyBillAlpert
XILINX
XLNX (NASD)•120.94•18.35
99106113MTWTF120127647790103116129Stock Price $020O N D J F M A M J J A SO40Volume in MillionsAdvanced Micro Devices
is in advanced talks to buy
the maker of customizable
chips, said The Wall Street
Journal. The deal might be
worthmorethan$30billion.
MYOKARDIA
MYOK (NASD)•221.23•81.63
217219221MTWTF2232253977115153191229Stock Price $019O N D J F M A M J J A SO38Volume in MillionsBristol-MyersSquibbwill
buythecardiac-drugdevel-
oper for $13 billion in cash.
The companies hope to
launchanewdrugforage-
netic disease of the heart.
EATON VANCE
EV (NYSE)•60.31•20.95
37.043.550.0MTWTF56.563.0202938475665Stock Price $012O N D J F M A M J J A SO24Volume in MillionsMorgan Stanley will buy
themoney-managementfirm
for about $7 billion in cash
andstock—doublingMorgan
Stanley’s assets under man-
agement to $1.2 trillion.
CANOPY GROWTH
CGC (NYSE)•18.07•4.02
131517MTWTF19217.013.520.026.533.039.5Stock Price $051O N D J F M A M J J A SO102Volume in MillionsWith the Biden ticket
leadinginpre-electionpoll-
ing,andaDemocraticplat-
formthatfavorsfederalde-
criminalization, cannabis
investorsaregettinggiddy.
CYTOKINETICS
CYTK (NASD)•15.26•-8.73
14.018.523.0MTWTF27.532.06.011.517.022.528.033.5Stock Price $019O N D J F M A M J J A SO38Volume in MillionsAheart-failuredrugdevel-
oped by the company with
Amgenhadstatisticalsignifi-
cance in a pivotal trial, but
onlyaslightmedicalbenefit.
Analystscutsalesforecasts.
GAMESTOP
GME (NYSE)•12.02•2.63
81012MTWTF1416147101316Stock Price $082O N D J F M A M J J A SO164Volume in MillionsAfter getting excited
about the videogame re-
tailer’sdealtouseMicrosoft
hardware and software, in-
vestors decided it wasn’t
such a big deal after all.
JINKOSOLAR HOLDING
JKS (NYSE)•62.84•18.71
424854MTWTF60669.020.532.043.555.066.5Stock Price $041O N D J F M A M J J A SO82Volume in MillionsBiden’sclean-energyplan
callsfor$2trillioningreen-
energy spending, so ana-
lystspushedsolarandwind
stocks. And China pledged
to become carbon neutral.
ALTERYX
AYX (NYSE)•151.97•38.88
109121133MTWTF1451577396119142165188Stock Price $013O N D J F M A M J J A SO26Volume in MillionsThe analytics-software
company appointed a new
chief executive and raised
sales guidance for the Sep-
temberquarter—fromsome
$113millionto$127million.
COTY
COTY (NYSE)•3.55•0.64
2.02.53.0MTWTF3.54.0147101316Stock Price $0108O N D J F M A M J J A SO216Volume in MillionsAJefferiesanalystcalled
the beaten-up stock a Buy,
saying it could rise 30% if
the cosmetics maker does
less badly than investors
expect.Thepricetarget:$4.
PLUG POWER
PLUG (NASD)•18.43•4.29
14.015.517.0MTWTF18.520.0159131721Stock Price $0114O N D J F M A M J J A SO228Volume in MillionsFuel-cell companies like
Plug,FuelCell,andBallard
Power were also recom-
mended by analysts as
names that would benefit
from a Biden victory.
VIR BIOTECHNOLOGY
VIR (NASD)•40.89•7.56
333639MTWTF424501530456075Stock Price $09O N D J F M A M J J A SO18Volume in MillionsBank of America
launched coverage with a
Buy rating for the devel-
operofantibodytreatments
for Covid and other ills.
BofA’s target price: $55.
PRECIGEN
PGEN (NASD)•5.69•1.94
345MTWTF670.01.53.04.56.07.5Stock Price $021O N D J F M A M J J A SO42Volume in MillionsGermany’s Merck KGaA
raiseditsstakeintheMary-
land-based developer of cell
therapiesforcancerandau-
toimmune disorders. Two
treatments are in Phase 1.