Oracle Rises, Nike Continues Fall, BioMarin Up Big After Acquisition
On this episode of Stock Movers: - Oracle (ORCL) sees a 7% boost after it was announced that they would be leading a group of buyers in purchasing TikTok. - Nike (NKE) is down for the fourth day in a row with an 11% drop today. Sales are continuing to decline, citing difficulty in China as well as their Converse brand. - BioMarin Pharmaceutical (BMRN) is up big at 17% with their agreement to buy Amicus Pharmaceutics, helping expand their treatments for rare diseases.See omnystudio.com/listener for privacy information.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.