Biogen, PayPal, Block, Ally Financial: What to watch out for on the stock market today

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Updated January 12, 2022 9:45 a.m. ET

Wall Street stock indices rose slightly after inflation data showed the largest annual rise in consumer prices in decades. Here’s what we see in Wednesday’s trading:

  • block‘S

    SQ -1.99%

    The takeover of Afterpay has cleared the last regulatory hurdle and will be implemented on February 1, announced the Australian provider of Sofort-Payment-Later.

  • Medicare officials said they were going to use Biogen. cover‘S

    BIIB -6.70%

    Controversial Alzheimer’s drug Aduhelm on condition that patients are in clinical trials and have symptoms in the early stages.

The Biogen headquarters in Cambridge, Massachusetts, June 7, 2021.


cj gunther / shutterstock

  • Jefferies Financial Group JEF -9.27%

    reported lower sales in the last quarter, partly due to a challenging market environment for bond trading that resulted in lower volumes.

  • Shares in e-commerce clothing company Kidpik PIK 20.66%

    rose in morning trade, building on Tuesday’s 27% gain. Not a clear catalyst for penny stocks profits: even the website was down due to scheduled maintenance. Trading in the share was temporarily suspended on Tuesday due to the volatility.

  • Jefferies is rated for PayPal PYPL. lowered -2.26%

    Share, lowering target price from $ 255 to $ 200.

  • Ally Finance‘S

    ALLIES 2.97%

    The board approved a dividend increase and a share buyback program.

  • Evercore ISI Group has upgraded its DoorDash DASH rating -2.07%

    Share and set a price target of $ 256 per share. On Tuesday it closed at $ 143.64.

  • General Motors GM -0.70%

    The new CarBravo marketplace will enable US GM dealers to sell used vehicles online, a move that will add new competition to the used vehicle market and reflect a strategic shift for GM.

  • KB homepage KBH 0.55%

    and E2open parent company ETWO -4.81%

    should report after Wednesday close.

Chart of the day
  • Streetwise columnist James Mackintosh looks at three ways the market appears to be normalizing after its pandemic irregularity and one possible change in its long-term pattern.

Write to James Willhite at

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