NIU - Hot Stocks: EBS rises on monkeypox fears; NTNX takeover speculation; NIU drops on earnings; SNOW price target cut

Takeover speculation and monkeypox concerns stirred trading in individual stocks during Monday's midday action. Nutanix (NTNX) received a boost from conjecture that it could become a takeover target for private equity. Meanwhile, smallpox vaccine maker Emergent Biosolutions (NYSE:EBS) garnered a share of the spotlight amid mounting cases of monkeypox. Looking at some of the day's most notable decliners, Niu Technologies (NIU) dropped in the wake of its quarterly results. At the same time, a cautious analyst comment put pressure on Snowflake (SNOW). Gainers Nutanix (NTNX) attracted buying interest amid swirling takeover speculation. Shares rose 7% in midday trading after Dealreporter sparked buyout chatter surrounding Bain Capital.  In its piece, Dealreporter stressed that Bain Capital had already taken a large stake in NTNX, investing $750M in mid-2020. Meanwhile, RBC listed NTNX as one of several potential takeover targets. Elsewhere in the market, Emergent Biosolutions (EBS) showed strength in midday trading as

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Hot Stocks: EBS rises on monkeypox fears; NTNX takeover speculation; NIU drops on earnings; SNOW price target cut