BioMarin Rises, FedEx Drops and Nike Sinks on Sales Warning
On this episode of Stock Movers:- BioMarin (BMRN) shares rise after the company agreed to buy Amicus Therapeutics Inc. for about $4.8 billion, helping the biotech company expand its portfolio of treatments for rare diseases.- FedEx (FDX) shares fall the most intraday since June 25, as the shipping firm upgraded FY targets, but to a lower magnitude than the 2Q earnings beat as it suffers from a string of cost headwinds including the grounding of its MD-11 planes. - Nike (NKE) shares sink after the company warned that sales will decline this quarter amid persistent weakness in China and at its…
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