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Company News For Sep 17, 2019

Zacks Equity Research
  • Alder BioPharmaceuticals, Inc.’s ALDR shares soared 83.9% after Danish company Lundbeck announced plans to acquire the company in a deal worth $2 billion
  • Shares of General Motors Company GM fell 4.3% after the United Auto Workers went on strike onSep 15; this is the first nationwide strike at General Motors in the last 12 years
  • Shares of New Relic, Inc. NEWR dropped 0.4% as the software company mentioned a cut in revenue guidance
  • SemGroup Corporation’s SEMG shares rose 60.5% after Energy Transfer LP (ET) announced that it will buy SemGroup for $5 billion

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