ARVN - Hot Stocks: BRPHF crypto loss; BNTX rises on earnings; ARVN downgrade; SWX strikes Icahn deal

Even as macro concerns drove the major averages lower again in Monday's intraday action, earnings news remained a key catalyst for a handful of individual stocks. That list included Galaxy Digital (OTCPK:BRPHF), which lost more than a fifth of its value after the meltdown in the crypto market led the firm to post a quarterly loss of more than $100M. Meanwhile, BioNTech (BNTX) moved in the opposite direction on earnings. Better-than-expected revenues inspired an intraday rally. In other news, Arvinas (ARVN) dropped on an analyst downgrade and Southwest Gas (SWX) rose after reaching a deal with activist investor Carl Icahn. Decliners Galaxy Digital (OTCPK:BRPHF) dropped nearly 21% in midday trading, dragged down by quarterly results that showed that the company swung to a sizable loss in Q1. The cryptocurrency management and trading firm revealed a quarterly loss of nearly $111.7M, compared to a profit of $858M last year. The firm

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Hot Stocks: BRPHF crypto loss; BNTX rises on earnings; ARVN downgrade; SWX strikes Icahn deal