AMLX - Hot Stocks: DBX rises on takeover speculation; OKTA earnings; AMLX regulatory hope; MU downgrade

Dropbox (NASDAQ:DBX) received attention in Friday's intraday action, rising on takeover speculation. The list of midday gainers also included Okta (OKTA), which rallied in the wake of a stronger-than-expected quarterly report. Elsewhere in the market, Amylyx (AMLX) soared more than 20% on optimism that its developmental ALS medicine will get U.S. regulatory approval, despite a setback that took place in March. Looking to the downside, Micron Technology (MU) lost ground following an analyst's downgrade. Gainers Reports that the company has become the target of takeover interest sparked intraday gains in Dropbox (DBX). According to TheDeal.com, the file-hosting company has been approached by a consulting firm as part of an information-gathering effort by a possible buyer. Bolstered by the takeover speculation, DBX rallied about 7% in midday action. Okta (OKTA) also showed intraday strength, climbing by more than 7% after releasing quarterly results. The access security software firm reported a Q1

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Hot Stocks: DBX rises on takeover speculation; OKTA earnings; AMLX regulatory hope; MU downgrade