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Company News For Jan 4, 2019

Zacks Equity Research
  • Shares of Bristol-Myers Squibb Company BMY declined 13.3% after it announced that it will acquire Celgene Corporation CELG for $74 billion in cash and stock
  • Shares of Delta Air Lines, Inc. DAL declined 8.9% after the company stated that it expected its December revenue to grow 3%, lower than the previous projection of 3.5%
  • Tribune Media Company’s TRCO shares slumped 0.1% after the company pulled its TV stations from Spectrum, the Charter Communications owned cable operator after the two parties could not reach a carriage agreement
  • Atara Biotherapeutics, Inc.’s ATRA shares slumped 19.5% after the company’s CEO Isaac Ciechanover announced plans to step down

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