Eli Lilly Rises, Micron Technology Gains, Redwire Up as SpaceX Kicks Off IPO Process
On this episode of Stock Movers:- Eli Lilly (LLY) shares rise. Eli Lilly & Co. is buying three clinical-stage vaccine developers for as much as $3.8 billion, leveraging its obesity-fueled dominance to establish itself as a leader in other areas and become a major player in infectious diseases. - Micron Technology (MU) shares gain. UBS raised its price target on the memory chipmaker to a Street-high view of $1,625, up from $535. The target implies the stock will more than double off its premarket price of roughly $800, and would represent a market capitalization of $1.8 trillion, suggesting…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.