ARCT - Hot Stocks: AAL cancels flights; RFL RAVN merger deals; clinical data for MNOV and TBPH
Merger news and drug development moved some stocks in Monday's pre-market action. Raven (RAVN) and Rafael Holdings (RFL) advanced on merger deals. Meanwhile, MediciNova (MNOV) and Theravance Bio (TBPH) moved in opposite directions on the release of new clinical trial data.The return of travel demand in the post-COVID world should represent a positive thing for airlines. American Airlines (AAL) ran into the dark side of this trend, however. The company canceled flights over the weekend because it didn't have adequate staff for all its scheduled flights.In other news, Lordstown Motors (RIDE) has received renewed attention on reports that executives sold stock ahead of its recent troubles. Arcturus Therapeutics (ARCT) and ZipRecruiter (ZIP) reacted to analyst comments.American Airlines was forced to cancel hundreds of flights over the weekend. This came amid staffing issues and a surge in travel demand as COVID restrictions loosen. Shares of the airline were basically flat in
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Hot Stocks: AAL cancels flights; RFL, RAVN merger deals; clinical data for MNOV and TBPH