VRTX - Hot Stocks: DNUT downgrade; EGHT acquisition; EMKR GIII move on earnings; VRTX positive data

A bearish analyst comment put pressure on Krispy Kreme (NASDAQ:DNUT) during midday trading on Wednesday, sending the donut maker sharply lower on concerns about inflation. 8x8 (NYSE:EGHT) was another notable intraday loser. Shares dropped after an acquisition included stock as part of the purchase price, raising worries about dilution. Earnings news continued to provide a prime catalyst in midday action. EMCORE (NASDAQ:EMKR) fell in the wake of its quarterly report, while G-III Apparel (NASDAQ:GIII) got a boost from its financial figures. Elsewhere, Vertex (NASDAQ:VRTX) rallied after it released positive clinical trial data. Decliners Krispy Kreme (DNUT) dropped more than 7% after Goldman Sachs issued a Sell rating. The firm, which previously rated DNUT at Neutral, argued that the donut maker faced rising cost pressures at a time when evidence points to limited pricing power for the firm. 8x8 (EGHT) also suffered a midday slide, falling nearly 8% on news of

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Hot Stocks: DNUT downgrade; EGHT acquisition; EMKR, GIII move on earnings; VRTX positive data