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MGM Resorts Gains, Boston Scientific Falls, Snowflake Soars
Description
On this episode of Stock Movers:
- JPMorgan raised the recommendation on MGM Resorts International (MGM) to overweight from neutral, citing stable leisure demand and improving Las Vegas Strip growth. Truist raised the recommendation on casino and hotel operator to buy from hold. Shares are up 4% premarket Wednesday.
-Boston Scientific (BSX) stock slides as much as 12%, the most intraday since February, after the company’s CEO indicated at an industry conference that standalone WATCHMAN heart implant procedures continue to decline. Management also mentioned potential near- term challenges in its presentation
- Snowflake (SNOW) shares jumped almost 30% in late trading after the software maker gave a stronger-than-expected annual outlook and signed a $6 billion multiyear agreement to use Amazon.com Inc.’s cloud services and chips.
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